We wouldn't be so bold as to say that the winter of our economic
discontent is over, but at least we think we detect a whiff
of spring in the air. So, to beat this metaphor further, our
March '09 newsletter presents you with a bouquet of tiny crocuses,
those hopeful harbingers of better times that we know eventually
Our first bit of happy news, of course, is that the stock market
actually went up recently more than one day in a row.
Then, on St. Patrick's Day, Reuters
reported that housing starts jumped an unexpected 22.2% in February,
"the biggest percentage rise since January 1990 and the
first gain since April." It's enough to make us want to
drink green beer.
a related article, they suggest that the economy may be
showing some signs of life, and note, "Sensing that the
worst may soon be over, investors have begun putting a bit more
money into some of the hardest hit sectors, including retailers
and home builders."
Still more: The Federal Reserve took the financial markets
by surprise with a
plan to pump about $1 trillion into the economy by buying
treasuries and mortgage-backed securities. Whatever else we
may think about this plan's effect on the dollar and future
inflation, it is likely to drive mortgage rates down just in
time for what would usually be the springtime home-buying season.
Just one day before the announcement, pundits were saying that
mortgages rates had surely gone as low as they could; now they're
saying 4% is not unthinkable.
And -- back in January, an article in Forbes saw incipient
signs of a "resurrection
in real estate."
All this doesn't exactly add up to the return of a roaring
bull-market economy, but at least it's a relief from the relentless
drumbeat of bad news to which we've become accustomed. It's
food for thought, and worthwhile reading.
Like winter, recessions eventually end. It would be nice to
say good-bye to both.
A colleague has brought a great web site to our attention.
AcademicEarth.org provides lectures from some of the leading
professors in the country.
Apropos our discussion of the economy, we found one in particular
that provided an very insightful, lucid, and entertaining explanation
of how we got into the current mess. In fact, it's called "Origins
of the Financial Mess" by Alan Blinder, Professor of Economics
and Public Affairs at the Woodrow Wilson School and co-director
of Princeton's Center for Economic Policy Studies.
to the "Learn" page at realdata.com for a link
to the video of this lecture. In future newsletters, we plan
to tell you about other content at this site that we think is
important to you as an investor or developer.
a signed copy of Frank's latest book... FREE
RealData founder Frank Gallinelli's first book, What Every
Real Estate Investor Needs to Know About Cash Flow..., has
been one of the top-selling real estate books since its release
in 2004. He now has a sequel -- Mastering Real Estate Investment:
Examples, Metrics and Case Studies -- and you can get a
signed copy at no charge.
the deal: This offer was supposed to end on March 15, but
our customers really seem to like this, so we're extending the
offer until Tax Day -- April 15. Between now and April 15, 2009
purchase any RealData software package of $99 or more and we'll
send you a signed copy of Frank Gallinelli's Mastering Real
Estate Investment: Examples, Metrics and Case Studies.
You can buy this book from Amazon or barnesandnoble.com. Or
you can get a signed copy at no charge if you purchase any RealData
software product of $99 or more. More good news: When you place
your software order, we'll ship your book via USPS (under separate
cover) also at no charge.
This is a great deal but it's only until April 15 and only
to U.S. shipping addresses, so don't delay. Limit of one copy
You can get more info about this and Frank's other books at
On that page you'll also find links directly to the Amazon page
for each book.
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