Foreclosure depresses an area in a variety of ways.
More Quotes from Carl Tannenbaum:
Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.Carl Tannenbaum
If they have to ring some inflation out of the system, the initial list of victims has to include housing markets. You have a risky period for consumers for the next six to eight months.
Carl Tannenbaum
Our guess is that long-term rates will begin to drift up later this year, albeit modestly.
Carl Tannenbaum
There is short-term certainty and medium-term mystery for the Fed.
Carl Tannenbaum
The pool of available labor is diminishing and worker efficiency is growing more slowly. This adds up to a higher level of pressure on wages, and, by inference, on inflation.
Carl Tannenbaum
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Music is music whether it is for the stage, rostrum or cinema .
Erich Wolfgang Korngold
Let them eat cake.
Marie Antoinette