The recent downturn in the economy has many people playing armchair quarterback over decisions made by the Federal Reserve during the last few years. These guys are supposed to be geniuses when it comes to economics, right? It doesn’t take a rocket scientist to recognize that there may have been errors in judgment regarding interest [...]
Posts Tagged ‘Economic Theories’
The Property Economics Profession
September 22nd, 2009
Admin In theory, all markets are driven by economic fundamentals, and if we assume that our open market economy will remain intact following the “recession of 2008″ and the possible depression that may follow, the same basic economic theories and principals that have applied to the appraisal profession in the past (supply and demand, substitution, balance [...]
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