Trulia: Asking House Prices up 8.1% year-over-year in June
From Trulia chief economist Jed Kolko: Despite Home Price Slowdown, Wages Can’t Keep Up With Prices In June 2014, prices were up 8.1% year-over-year and...
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Weekly Initial Unemployment Claims decrease to 304,000
The DOL reports:In the week ending July 5, the advance figure for seasonally adjusted initial claims was 304,000, a decrease of 11,000 from the previous...
Should the Detroit city government spend $185 million/year on art?
Let´s apply the “Piketty 5% rule” to the City of Detroit. More specifically, their art wealth: DETROIT — A city-commissioned report on Detroit’s fine-art collection...
Steen Jakobsen on “Zero Bound Bubbles” and the “Vital Flaw in Pimco’s Bullishness”
Steen Jakobsen, chief economists and CIO of Saxo Bank has some interesting observations on the illusion of low interest rates and the vital flaw in...
Credit Guarantees, Fraud, Corruption Fuel China’s Credit Bubble; Bankruptcies Rock Loan Guarantors; Beginning of the End?
In China, loan guarantors are going bust at a sharp pace. Many more bankruptcies are on the way. The setup is quite reminiscent of the...
$22 Billion in California Homes Sold to Chinese All-Cash Buyers; “Beginning of Tidal Wave” says NAR Chief Economist
Real estate is well back in bubble territory in some places, notably California. It won't end any differently this time for the buyers, but at...
Goldman Sachs: Funding for Highway Construction Appears Likely
The House and Senate both appear to be finally moving forward with plans to provide additional funding for the nearly exhausted highway trust fund and...
Notable Analyst Rating Changes
UPGRADESJPMorgan upgrades Deutsche Bank (NYSE: DB) from Neutral to Overweight.Oppenheimer moves Broadcom (Nasdaq: BRCM) from Perform to Outperform with a price target of $45.HSBC raises...
Palladium Surges To 2001 Highs At $874/oz – Up 13 Days In A Row
Palladium hit $873.75 an ounce, the highest since February 2001, taking its gains to 8% over the past two weeks and 25% year to date....
Paris to Tax Empty Offices at 20-40% of Rental Value; Price Crash On the Way
The ideas from France get nuttier and nuttier as time goes by. Via translation from Les Echos, please consider Paris Will Tax Empty Offices. The...