The Blog of Nick Lumpp

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The Blog of Nick Lumpp

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Housing & Easy Money

April 3, 2013

If you didn’t catch the article in yesterday’s Washington Post, you can find it here.  It’s worth reading. I understand that lending standards became too restrictive after the housing crash and we need to find an appropriate middle ground but come on…  Encouraging profit-driven lenders “to use more subjective judgment” is just asking for trouble.…

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Nick
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Update: Currency Wars

February 14, 2013

Yesterday, PIMCO’s CEO and co-CIO, Mohamed El-Erian, wrote an article on CNBC about the confusion surrounding comments from the recent meeting of the G-7 (the G-7 is a group of finance ministers from 7 of the largest industrialized nations, economically: the US, UK, France, Germany, Italy, Canada, and Japan).  To sum things up, the G-7…

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Nick
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Market Update

November 14, 2012

What is up with this market?  Unfortunately this is the effect of both year-end profit taking at 15% long term capital gains rates while you still have them and more economic uncertainty as we approach the upcoming “fiscal cliff.”  The good news is that I think we’re approaching a bottom in the near future (assuming…

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Nick
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Presidential Election 2012

October 4, 2012

Disclosure: I promise I will never use this blog to express my political opinions.  I will use it to discuss the potential impact on the economy and investment markets from an objective standpoint though! I was beginning to think that President Obama had this election wrapped up, but we’ll see if last night’s debate can…

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Nick
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Real Estate Follow Up

October 3, 2012

I got some really great questions today regarding yesterday’s post so I thought it would be helpful to clarify a few things. In yesterday’s post, I was talking about purchasing a home as your primary residence, and saying that I feel there are other investments right now that are a better use of your money. …

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Nick
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Market Update – Sept. 24th, 2012

September 24, 2012

Alright, so I figured I would go with a video this week to illustrate a few major “lines in the sand” that certain markets are approaching or have crossed.  In the video, I take a look at the Dollar, Gold and the S&P 500 (stocks).  Just click the link below to watch.  Enjoy! Market Update…

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Nick
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Market Update – June 29th, 2012

June 29, 2012

Europe surprised everyone overnight with a new deal to aid their ailing banks.  They’re basically changing the rules since no one can follow them anymore.  Stocks reacted positively and the S&P 500 is up a little over 2% at the time of this post.  While this will help with a lot of the uncertainty –…

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Nick
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What’s to come

June 22, 2012

For my first post, I figured I would provide a preview of what’s to come.  I’m planning to post every week to give a quick update on the markets and what I’m seeing.  Posts will be a combination of text and videos. If you’d like to follow consistently, I recommend either subscribing with your email…

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