2014 Central Oregon Economic Forecast:

January 30, 2014

Registration and breakfast will start at 7:00 am and the seminar starts at 8:00 am. 

The event will be held at the Riverhouse Hotel and Convention Center in Bend, Oregon.

The Central Oregon Association of Realtors and Oregon Appraiser Certification and Licensure Board will be providing Continuing Education credit for . . . → Read More: 2014 Central Oregon Economic Forecast:

82% Savings Rate!

The bankruptcy rate for professional athletes just a few years from retirement is extremely high.  To take one example, 60% of NBA players are reported to become bankrupt within five years of retirement from the league.  This is a league with average compensation $5 million per year. 

I am interested in applying my Sustainable . . . → Read More: 82% Savings Rate!

Mr. Money Mustache

I have suggested that people would be better off if they massively increased their savings rates.  The aggregate Personal Savings Rate (PSR) is defined as the difference between disposable (after-tax) income and consumption spending.  It is reported each month by the Department of Commerce and has recently been running around 4%, compared to a . . . → Read More: Mr. Money Mustache

New GDP Data & Are We at a Turning Point?

The U.S. Bureau of Economic Analysis (BEA) released their first estimate of the fourth quarter 2013 Gross Domestic Product today. The estimate indicates that the economy grew 3.2 percent in 4th quarter. This followed a 4.1 percent growth rate in quarter 3 which followed a 2.5 percent growth rate in quarter 2. The growth . . . → Read More: New GDP Data & Are We at a Turning Point?

Qualifying Mortgage Loan

Declining underwriting standards for mortgage loans played a major role in the housing boom and bust that culminated in the financial crisis of 2007-2009.  During the housing boom in the years preceding the crisis, housing prices were rising rapidly and nearly all loans, irrespective of underwriting standards, performed well.  In part due to this . . . → Read More: Qualifying Mortgage Loan