Lessons from The Big Short

Lessons from The Big Short

Every wondered what the 2008 Financial Crisis was all about? The Big Short by Michael Lewis is a good, gripping book that explains much of it. I highly recommend it.

But what are some of the lessons we can take from this crisis as outlined in the book?

That’s what this week’s video is about.

Take 4 minutes to watch/listen to it.

 

4th Quarter Boulder Home Sales Drop

4th Quarter Boulder Home Sales Drop

Locally (Boulder and Broomfield), we saw home sales drop by 11%.

I just had breakfast with a real estate friend of mine and he mentioned that ranch homes, particularly in the Frasier Meadows subdivision, are some of the most rapidly moving.

Who would have thought that?

This is not a particularly good time to sell your home, but if you’re buying then it’s definitely in your favor.

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Equity Borrowing Surges

Equity Borrowing Surges

Margin debt (borrowing to buy stocks) climbed by $38.2 billion in September through November according to the NYSE. This was the biggest in 3 months since mid-2007.

Overall though, equity debt is much below market peak levels.

This could fuel equity markets and be a nice bullish sign for us.

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Longmont Community Justice Partnership

Longmont Community Justice Partnership

I recently became President of the Board of Directors of a local charity called Longmont Community Justice Partnership.

It’s an Restorative Justice organization that brings together offenders, victims, and the community with the goal of repairing harm that has been done by an offender. This might sound “soft on crime” but experience has shown that sitting across from your victim and members of the community can be more difficult than our traditional criminal system.

Offenders have a contract agreed upon by all 3 parties, 90% of offenders complete the contract, and there is only about a 10% re-offending rate (versus 68% national average).

I think it’s making a big difference in Longmont, and is becoming a model for the state of Colorado and the nation.

Check out the website and call me if you want more information. I’m really proud of the work being done at LCJP.

 

LINK TO LONGMONT COMMUNITY JUSTICE PARTNERSHIP