I guess I've repeated that the economy is nearly impossible to predict. Especially in the past months. I find it more difficult than even the past several years. My attitudes and assumptions change every day. All the forecasting that is published, all the predictions made by pundits is mostly impossible to understand and make an sense out of. There is one truth that keeps arising. The economies of the world have never been more intertwined than today. A crises anywhere in the world reverberates right back to Incline Village. Ever bump in the night causes us to run to shelter. Often the shelter is more dangerous than where we had just been.
Interest rates decline, we see that as time to arrange for better financing. Interest rates increase, we see that as time to buy a home. The news, any news, whether based on full slate of economic indicators, world tragedies, speculation, or whim causes a lack of sustainable recovery. ATT says they are buying T-Mobil and stock goes up. Lybia has political strife and oil prices go up. Tragedy in Japan, a triple slam, and now we are worried about radiation effecting our food sources, effecting us. It's one development after another. Let me not forget the weather. Winter seems to never end. As I look outside, it's snowing in Lake Tahoe. We need the water but wow.
The times are interesting. Yet, somehow, real estate looks better and better. We are making deals come together, we have buyers making offers, we have escrows closing. We have no final answer to what the market will do, and as difficult as times seem, there cannot be any argument made that times are not interesting. What about that March Madness Sweet 16. That's set for sure. We got fed up with all this stuff so took our two dogs, drove to Arizona and spent last week at Cactus League Spring Training Baseball. I call is stress reduction and time management.