The Federal Reserve reported today that U.S. household net worth increased in the first quarter of 2012 to $62.85 trillion, the highest quarterly level since the last quarter of 2007 when the recession started.  Household wealth increased $2.82 trillion during … read more >

Early reports are just starting to come in for May real estate sales, and it’s already starting to look like a blockbuster sales month. Double-digit sales gains have been reported so far in: 1) Seattle by 23% vs. last year … read more >

Some great examples of unintended consequences from the Wikipedia listing for “Perverse Incentives“: 1. In Hanoi, under French colonial rule, a program paying people a bounty for each rat pelt handed in was intended to exterminate rats. Instead, it led … read more >