Opinions Uncensored

HVS: Q4 2014 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2014. This report is frequently mentioned by analysts and the media to track the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of...

These Late Day Recoveries Aren’t Helpful

Enough with the bounces, always bringing us back just enough to get beaten to death tomorrow. This process is faulty and needs to be jettisoned, either through rapacious upside action, or else total breakdown. Death by a thousand paper cuts is always far worse to the system over time. It...

Friday: GDP, Chicago PMI, Consumer Sentiment

From the Atlanta Fed: The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2014 was 3.5 percent on January 27, unchanged from January 21.From Nomura: Incoming data suggest that the economy grew at a slower pace in Q4 than the strong 5.0%...

Not Your Father’s 60/40

Research Affiliates has a good piece out that touches on the future difficulty of owning a 60/40 stock/bond portfolio. They predict that a 60/40 will generate a measly 1.2% in real terms going forward.  I am less skeptical, however, I do think that a 60/40 will fail to generate the types of...