‘Mixed legacy’

Bloomberg News

Former Treasury Secretary Lawrence Summers predicted that policy-makers in developed nations around the world will study the legacy of Abenomics, a framework he described as an aggressive attempt to address the challenges of economic stagnation.

Summers said that the assassination of former Prime Minister Shinzo Abe, the author of the Abenomics program, was a tragedy not just for his family and Japan, but the U.s.-japan relationship and for the world, as another manifestation of “swirling anger” in today’s political sphere.

As for the signature economic framework that Abe put in place during his 201220 premiership, Summers told Bloomberg Television’s “Wall Street Week” with

David Westin, “It will be remembered as one of the more aggressive and successful reprogrammings of macroeconomic strategy that we’ve seen in a long time.”

The program had what Abe called three arrows — an expansionary monetary policy, a flexible fiscal stance that embraced stimulus at first and discipline later and a set of structural reforms aimed at boosting productivity. It followed what some termed two lost decades, where Japan’s economy struggled with deflation and saw regular declines in nominal gross domestic product.

“It was a success by the standards of what had come before,” said Summers, a Harvard University professor and paid contributor to Bloomberg Television, of Abenomics. “But it was not a fully ‘mission accomplished’ in terms of what was happening in Japan.”

Japan’s economy saw a renewed drop in GDP after a sales-tax increase enacted in 2014. And despite a gargantuan expansion of the supply of money by the Bank of Japan, policy makers failed to reach their target of sustained 2% inflation.

Summers described the Abenomics program as having “radically expansionary policy both on the fiscal and on the monetary side and with structural policies like major efforts to get women working and enfranchised in the labor force.”

If, following the current inflationary episode, there’s a return of so-called secular stagnation — where the pool of savings is so great relative to available investment opportunities that it drives down interest rates and ultimately growth — Abenomics will be examined by others, the former Treasury secretary said.

If secular stagnation does “recur in Europe and in the United States, then I think that Abenomics legacy will be studied very, very carefully — because, in some sense, Japan was the first to experience the challenge of demographic contraction and of excess saving,” Summers said.

U.S. jobs

Speaking after the release of the June U.S. jobs report, Summers also said that there is “nothing here to suggest that the economy is currently collapsing into recession.”

U.S. employers added 372,000 jobs in June, more than forecast, with the unemployment rate holding near a five-decade low.

Summers also said that while U.S. GDP may show two straight quarters of economic contraction for the first half of 2022, the National Bureau of Economic Research’s Business Cycle Dating Committee — the official arbiter of U.S. recessions — shouldn’t, and likely wouldn’t, declare that a recession, given the strength in employment.

The following data is supplied by Colorado Weekly Homebuyers List Inc., 303-744-2020. Listed are the buyer, the seller and the amount.

Boulder

Kerry Gibson — 3575 28th St., Apt. 102, R. and Brenda Gibson, $310,000.

Magda Poghosyan — 2711 Mapleton Ave., Apt. 26, Adam Neumann, $321,000.

Kaitlin Kirsner — 33 S. Boulder Circle, Apt. 217, Amy Martin, $385,000.

Lisa Campbell — 4670 White Rock Circle, Apt. 6, Steve and Marilyn Weinstein, $420,000.

Laura Freppel — 4737 White Rock Circle, Apt. D, Liana Pomeroy, $455,000.

Mario and Ward Blacklock — 3000 Colorado Ave., Apt. 130h, Janice and Paul Zigler, $460,000.

Roberta Sanchez — 1139 Monroe Drive, Apt. C, Seth Goodman, $535,000.

Emma Montross — 3084 Fulton Circle, Noah Duncan, $589,000.

Juan and Laura Laura — 3000 Colorado Ave., Apt. 120e, Michael and Alison Schnettler, $626,000.

Benjamin Edelstein — 2810 E. College Ave., Unit 302, Eric A. Heinz, $720,000.

Sandra Silva — 6235 Fourmile Canyon Drive, Diego Janches, $750,000.

Lindsey Rongstad — 66 Pima Court, Karene K. Watson, $759,000.

Kyle Otte — 4300 Pali Way, Joy E. Beck Declaration Trust, $793,000.

William Bruno — 4542 Starboard Drive, Elke Indenwoods, $820,000.

Gabrielle Simon — 421 Kelly Road E., Robert and Harriett Stoddard,

$920,000.

Thomas Nummy — 340 Martin

Drive, Daniel G. Mcmillan, $1,001,000.

David and Chelsea Colwyn — 1059 Tantra Park Circle, Douglas and Lana Klingemann, $1,070,000.

Carroll Loyer — 180 Seminole

Drive, Kelly and Joseph Stroker, $1,075,000.

Bartley and Leeann Cox — 1688

Park Lake Drive, Joan Lee Battuello, $1,100,000.

Jason Kay — 2435 Bluff St., Rebecca Morrison, $1,166,700.

Seth Gallaher — 2535 Kenwood Drive, Arie and Sharon Hoogendoorn, $1,200,000.

Steven Fatur — 4745 Hancock Drive, Paul and Stacy Priepke, $1,210,000.

Erin Iyigun — 4475 Whitney Place, Hitch Invest LLC, $1,240,000.

Kendall and Jonathan Marks — 1519 16th St., Drolkar Properties LLC, $1,270,000.

Rebecca Morrison — 1010 Hartford Drive, Michael Jon Meshek, $1,375,000.

Thomas and Corina Fad — 82 Alpine Way, Patrick and Kelly Brown, $1,420,000.

Jeremiah Mcintyre — 5290 Pennsylvania Ave., Paul and Kimberly Obert, $1,490,000.

Isabelle Gallouin — 5542 Baca Circle, Gabriella E. Gallardo, $1,495,000.

James and Stephanie Kalatschan — 1722 Spruce St., David and Ashle Foster, $1,725,000.

Gregory Glass — 3085 15th St.,

Jack and Mary Ford, $1,749,600.

Karen Guarascio — 1446 Yaupon Ave., Jeffrey and Jeanne Barber, $1,750,000.

Ryan Watson — 1916 Hardscrabble Drive, Lohoff Living Trust, $1,775,000.

Yonit Bousany — 2885 16th St., Michael Barta, $2,050,000.

Michael and Marley Braun — 2575 Glenwood Drive, Glenwood 2575 LLC, $2,750,000.

Lina Zhang — 956 Quince Ave., Shannon and David Weisblatt, $2,900,000.

Robert Lamey — 1955 Third St.,

Unit 3, 260 Pearl LLC, $3,004,900.

Lesley and Stephen Defrees — 1955 Third St., Unit 7, 260 Pearl LLC, $3,058,900.

Derek and Saundra Kuhl — 4170 Pinon Drive, Moschetti Living Trust, $3,200,000.

Robert and Kara Bult — 1955 Third St., Unit 9, 260 Pearl LLC, $3,302,800.

Stephen Sander — 1955 Third St., Unit 5, 260 Pearl LLC, $3,403,500.

Steven and Pamela Rives — 2905 Sixth St., Lynn Housley, $3,500,000.

Christopher Houck — 5405 Westridge Drive, Boyle Family Trust, $4,750,000.

Broomfield

Andrew Korn — 17883 Galapagos St., Lennar Colo. LLC, $385,000.

Ashley Rodriguez — 17887 Galapagos St., Lennar Colo. LLC, $395,000.

Santiago and Margarita Cabrera — 3128 W. 134th Place, Joan D. Walcott, $400,000.

Kimberly Douse — 775 176th Ave., Lennar Colo. LLC, $420,000.

Eloise Grabsztul — 11203 Colony Circle, Golden Property Group LLC, $460,000.

Cody Sterling — 1301 Dexter St., Amelia M. Arrieta, $530,000.

Annette Chambers — 4822 Raven Run, Suzanna M. Doherty, $530,000.

Godwin Vincent — 17934 Galapagos St., Lennar Colo. LLC, $541,100.

Philip and Stephanie Steinhoff — 2500 W. 133rd Circle, 2500 West 133rd Circle Trust, $549,900.

Ian and Natalie Antoniolli — 14341 Cottage Way, Christy Lee Graessle, $590,000.

Kandis Lamke — 17825 Gallup St., Lennar Colo. LLC, $597,400.

Bijal Desai — 17829 Gallup St., Lennar Colo. LLC, $599,400.

Steven Cai — 580 W. Sixth Ave., Zane and Nicole Lentz, $600,000.

Tyler Stanaway — 3432 W. 125th Drive, Adele M. Bravo, $615,000.

Kevin and Meredith Curran — 225 Jade St., Joshua and Meghan Jacobsen, $630,000.

Hannah and Ryan Beasley — 12795 Yates Circle, Colton and Lindy Williams, $650,000.

Milena Nichols — 613 W. 173rd Ave., Carl Frank Miller, $650,000.

Nicholas and Kourtney Nelsen — 12513 Alcott St., Opendoor Property Trust I, $673,000.

Kerri Timmermanedwards — 12279 Deerfield Way, Paul and Janann Anderson, $685,000.

Christopher Williams — 17720 Elati St., Lennar Colo. LLC, $701,000.

Geoffrey Gardner — 5174 W. 123rd Place, Brennan and Caitlin Duffy, $709,400.

Dennis and Karen Hanke — 4480 White Rock Drive, Susan Gornall, $713,000.

David Turner — 17725 Elati St., Lennar Colo. LLC, $716,100.

Rinju Dongol — 17713 Elati St., Lennar Colo. LLC, $730,000.

Nathan Dierk — 965 Country Club Court, Cameron and Shelly

Gordon, $750,000.

Michael and Kelly Link — 17026 Navajo St., Chelsea and Andr Simmons, $775,000.

Guotai Lin — 17688 Eclipse St., Tyler and Lori Atwood, $888,000.

Yates and Kali Craig — 594 177th Ave., Lennar Colo. LLC, $902,000.

Yury Herlovich — 3065 Rams Horn Run, John and Elysia Clemens, $924,500.

Eric Schwartz — 2755 River View Drive, Pickens Revocable Trust, $1,060,000.

David and Jennifer Stillman — 14852 Snowcrest Drive, Lorinda and Alan Brandon, $1,185,000.

Erie

Ronald Allen — 1666 Marquette Aly, Calatlantic Group LLC, $504,900.

Tian Shi — 396 Rodden Drive, KB Home Colo. Inc., $553,100.

Neeraj Valleru — 1667 Marquette Aly, Calatlantic Group LLC, $556,700.

Jessica Zupancic — 1661

Marquette Aly, Calatlantic Group LLC, $559,700.

Beth Sanders — 1636 Drake Aly, Calatlantic Group LLC, $559,700.

Suzanne Minter — 1630 Drake Aly, Calatlantic Group LLC, $567,700.

Margaret Basten — 591 Bear Peak Court, Richmond American Homes Colo. Inc., $583,800.

Trey Puckett — 722 Eva Peak Drive, Julianne and Darren Foster, $620,000.

Wei Wang — 2350 Irons St., KB Home Colo. Inc., $630,300.

Jesus Negrete — 5665 County

Road 3, 5665 County Road 3 LLC, $700,000.

Amalie Grollman — 416 Wheat

Berry Drive, Daniel and Bailey Creger, $700,000.

Jessica Leinbach — 1534 Stanley Drive, George Stoeckelmann, $712,000.

Micah and Kelly Dudash — 1567 French Court, Alan and Anita Blount, $721,500.

Erik Andrews — 1988 Juniper Way, Brandie Davis Trust, $730,000.

Hansa and Narendra Jaggi — 780 Boulder Peak Ave., Richmond American Homes Colo. Inc., $735,500.

Eric and Holly Roberson — 1301 Graham Circle, Tenzin and Pema Chosang, $750,000.

Eric Moore — 212 Mcafee Circle, Brian and Ariana Ehle, $750,000.

Dean and Delaney Dreckman — 703 Gold Hill Drive, Craig and Ashley Pfeiffer, $845,000.

Scott and Katherine Moore — 893 Quintana Lane, Francis and Leslie Dove, $900,000.

Zhiqiang Zhai — 886 Pope Drive, Norman Family Trust Ii, $965,000.

Michael and Jessica Alzen — 781 Wildrose Place, Lennar Colo. LLC, $974,500.

Alex and Kelly Beda — 788 Gilpin Circle, Christie and Jesse Villafuerte, $980,000.

Nathan Gray — 872 Rocky Ridge Circle, Kyle and Kathryn Weiss, $990,000.

Patrick Burke — 2835 Prince Circle, Carrie Leypoldt, $1,005,000.

Lauren and David Thomson — 1849 Marquette Drive, Buyer Accepted LLC, $1,009,900.

Parker Stone — 1237 Marfell St., Buyer Accepted LLC, $1,167,300.

Victoria and David Dutcher — 880 Sundown Way, Darrin and Shannon Chiaverini, $1,195,000.

Lafayette

Aria Cardinale — 1922 Centaur

Circle, Michael W. Marvin, $479,000.

Michael Hall — 808 Beauprez Ave., Laura M. Bird, $555,000.

Kristopher Brambila — 401 W. Baseline Road, Stefani Dianne, $575,000.

Lauren Walter — 1008 Alsace Way, Nicholas and Rebekah Leoni, $742,000.

Vincent and Frances Losito — 554 Homestead St., Patti J. Rossstone, $750,000.

Eric Wood — 605 E. Emma St., Robert and Amy Bennett, $910,000.

Susan Stenson — 795 Cimarron Drive, Markel Homes Constr. Co., $1,090,400.

Andrea and Charlie Mertz — 561 Flying Jib Court, Kathie Patterson, $1,450,000.

Longmont

Suzanne Prindiville — 225 E. Eighth Ave., Apt. E9, Fritz East Eighth E9 LLC, $230,000.

James Calabaza — 10658 Forester Place, Kristopher and Jennica Emmons, $405,000.

Nicholas Romano — 1018 Kelly Place, Josef B. Cohen Trust, $412,400.

Jack Maydan — 1901 Lincoln St., Mts Invest LLC, $414,500.

Dana Wodtke — 1121 Frontier Drive, Betty A. Peterson, $460,000.

Nancy Carter — 453 Alpine St., Shannon and Adam Rosenberg, $489,000.

Richard Blackwell — 1612 Mount Evans Drive, Marilynn J. Stonehocker, $510,000.

Alexander and Emily Kalkhofer — 926 Grant St., 8z Ibuyer LLC, $521,000.

William and Elizabeth Hammer —