When good is bad

The latest home price numbers (through May, according to S&P/Case-Shiller) looked pretty solid: the benchmark 20-City Composite measure was up 9.3% year-over-year (YOY).  All 20 markets posted gains on an unadjusted basis, though 14 showed YOY declines when...

Every rose has its thorns

A number of economists are presenting a pretty rosy outlook for the U.S. economy over the next several quarters. While I don’t disagree with the general positive direction of their forecasts, nor with the general contribution to those forecasts of their various...

Your future is upside-down

No assessment of a credit union’s risk is complete without a macro outlook on the economy and interest rates. But how can a credit union best develop a forward view of economic factors? As the old joke goes, if you line up all the economists in the world end-to-end,...