Posted on: January 24, 2019

Welcome to 2019. We would’ve gotten this up to you sooner, but a rash of property sales in the last several months disrupted our progress. Herewith our takeaways on the weather ahead: With malls getting crushed, lodging in a nose dive, wild swings in the stock market and a half closed government, we won’t blame […]

Posted on: September 4, 2018

Wouldn’t it be nice if our president schooled more and tweeted less? Whatever, since Texas’ exposure to trade seems to be among the greatest of all states, it’s time to make sense of this trade war fuss. Let’s start with what we know to be true: Nothing is ever as bad as it seems, or […]

Posted on: January 13, 2018

Goldman is opening a trading desk for it, in New York City you can buy Subway sandwiches with it, accepts it and its ATMs are globally available, so maybe Bitcoin is, what? Going somewhere? Where? Amid the fervor, I asked my staff to do a deep dive into which side of this debate we […]

Posted on: December 18, 2017

Stay in real estate long enough and eventually there’ll be a property stalled in inventory past its “Sell By” date and investor fatigue creeps in. Maybe you’re tempted to hand it off to a broker. Can we talk about that first? Too many brokers are going to do little more than you already are: install […]

Posted on: December 18, 2017

The Donald rhetoric says the U.S. is at the short end of the stick with Mexico, more so with China, a condition worsening exponentially to the point of national disgrace. Maybe a modicum of truth there, at least it plays good to the crowd who elected him president. But some say baloney, political rubbish, no […]

Posted on: November 4, 2017

November 2017 An outrage over taxes founded this county. And for its first 123 years, the US of A managed handsomely with zero income tax. Abraham Lincoln interrupted that in 1862 to finance the Union Army. Buts its success was short lived when an 1872 Supreme Court decision repealed federal income tax as unconstitutional. We […]

Posted on: October 23, 2017

The logic of Obama’s State of the Union speech… well, after dozens of rewinds, I struggled with the logic and facts. The whole Warren Buffet/capital gains thing. The part where Buffet’s secretary Debbie Bosanek sat near the First Lady and the camera zooms in, remember? If I got that, Buffet’s secretary pays 34%; Buffet pays […]

Posted on: October 23, 2017

February 2012 “You haven’t sold anything for me lately; how long ‘til I start getting money back?” I’m getting more of that lately; I get you. I’ve been through three of these droughts, and I have to tell you, this battering is like no other. More troubling, if what we learned at last December’s breakfast […]

Posted on: October 23, 2017

August 2012 Word is that come 1/1/13, all of the recent economic gains of the U.S. will begin to unravel. Increased taxes for payroll, estate, capital gains and income, let alone new taxes on Patient Protection and Affordable Care. Top that with broad military and domestic spending cuts, a lame duck kick-the-can-down-the-road congress, who can […]