Beware of Economists Crying 'Entitlement Explosion'

Beware of Economists Crying 'Entitlement Explosion'

Now, if you see the world like economist Stephanie Kelton, who made her debut as a Bloomberg View contributor earlier this month and believes that the U.S. can easily manage a growing debt burden, none of this is a problem. But the Hoover Five clearly do consider rising deficits to be an economic
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Podcast: The Community Bank Mortgage Business Model

On the latest episode of the ABA Banking Journal Podcast, sponsored by Windstream Enterprise, community bank CEO Luanne Cundiff discusses the current state of the mortgage market and how recent regulations are affecting it. From the customer point of view, “you have to set the expectations up
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Tech sell-off is a buying opportunity, says Carin Pai

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video,
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Banking sentiment improves in Poland: study

The Pengab index, which measures banking sentiment in the country, rose by 7.3 points to 29.6 points in March, the Polish Bank Association (ZBP) and market researcher Kantar TNS said in a joint report on Thursday. “Both businesses and private individuals have been more active on the deposit
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These housing markets are going to the dogs, in a good way

Good schools, a convenient commute, low taxes … the list of things home buyers want in a community are fairly familiar. But there's another feature that real-estate agents and the buyers and sellers they serve may start to consider just as critical. Thanks to the annual Dog Park Rankings from the Trust for
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McDermott Enhances Real Estate Finance Capabilities with Arrival of Group in New York

Joining Jeffrey is partner Scott Weinberg who brings in-depth experience in all areas of real estate investment and financing transactions. He has represented both foreign and domestic institutional clients in highly complex mortgage and mezzanine loan transactions, as well as large acquisitions and
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California Dreamin': Voters' Decision Could Free Up More Homes for Sale

This could encourage older sellers to put their family homes on the market, easing the increasingly severe housing crisis, say real estate professionals. The California Association of Realtors®, which is spearheading the initiative, collected nearly 1 million signatures to ensure that the proposal makes the
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FHFA Releases Fannie, Freddie Progress Report

The Federal Housing Finance Agency today released a progress report on its goals for Fannie Mae and Freddie Mac while the GSEs are in federal conservatorship. The report covers FHFA's goals for the GSEs to maintain access to credit and help prevent foreclosures, reduce credit risk and build a
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Fintech Simplifies Global Banking With World Bank Account

A new fintech, with backing from Spanish bank BBVA, plans to achieve something that others have tried and failed to do: simplify global payments. Denizen claims to have created an international banking platform that enables customers to receive funds in one country and immediately release them to
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Coal mine sale thaws Grande Cache real estate market

Theresa Deveaux says the Grande Cache real estate market last summer hit the lowest point she has seen in her 30-year career as a broker. (Zoe Todd/CBC). The Grande Cache real estate market hit its lowest point last summer, Deveaux said. At its worst, at least two homes foreclosed every week.
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STB Commercial Finance doubles lending balances

“Doubling our lending balances two years in a row is a massive achievement, and is indicative of how far we have come as a lender,” said John Bevan, managing director at Secure Trust Bank Commercial Finance (pictured above). “We're now on our way to another significant milestone, having almost
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Canadian pension fund CDPQ backs Nilekani-Aggarwal's mid-market fund

As at December 31, 2017, it held CAD 298.5 billion ($238.2 billion) in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter
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Tesla's Push to Prove the Haters Wrong Only Proves Them Right

Over the longer term, such short-term resource shifting to hit one-off goals is a recipe for inefficiency (read this splendid critique of Tesla's manufacturing approach by Bloomberg View's Edward Niedermeyer). Tesla's current problem is a simple one to define: It has built a footprint, market cap and balance
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Is the worst over for falling single family home prices in the GTA? This economist says yes

After reaching record heights in the spring of 2017, prices have cooled considerably for the once red-hot GTA single family housing market. How much? Well, in February prices were down 12.4 per cent year-over-year, falling from $876,363 to $767,818. The Toronto Real Estate Board credits the Ontario
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I Tried 6 Online Investing Platforms, Here's How I Did

For the most part, the trends for all the robo advisors were all similar. When the S&P500 takes a dip, so do the others. When it goes up, the others increase as well. The exception is Fundrise, because its investments are in real estate, not the stock market. The monthly ups and downs don't impact them in
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Lawsuit Against Trump's DACA Policy Can Proceed, Judge Says

President Donald Trump must defend a lawsuit targeting his plan to end a program offering protection from deportation for hundreds of thousands of children of undocumented immigrants after a federal judge said there was a “plausible inference” that it was illegally aimed at Mexicans. U.S District Judge
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The Ancient History of Bitcoin

A romantic view persists in some circles that cryptocurrencies are the vanguard of a new era in which governments become less and less important. Legislatures? Unnecessary. Courts? Why bother with them when every contract can be indelibly recorded on the blockchain, the digital ledger that makes
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Russia Says It Will Expel 60 US Diplomats in Retaliation for Trump's Move

Russia said it's expelling 60 U.S. diplomats and closing the American consulate in St. Petersburg and will retaliate in kind to other countries that ousted its envoys after the poisoning of a former Russian double agent in England. Russian Foreign Minister Sergei Lavrov said the measures against the U.S.
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Into Homes and Like Real Estate? Become an Agent

Sure, real estate is one of the easiest businesses in the country to get licensed in. … But for those who really love real estate and are ready to do what it takes to become a success in the field, the eventual reward can be a relatively … For an aspiring real estate broker, the first step is getting licensed.
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Baidu's iQiyi Drops in Trading Debut After Raising $2.3 Billion

Shares in iQiyi Inc., a Chinese Netflix-style video streaming service controlled by search giant Baidu Inc., fell slightly in their trading debut after the company raised $2.25 billion in a U.S. initial public offering. The stock opened at $18.20 in New York on Thursday. Beijing-based iQiyi sold 125 million U.S.
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