U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the housing market since the Great Depression and stoking optimism for a more sustainable expansion.
A world financial crisis is made up of many moving parts. Some will occur at the same time others will occur years later. Unlike what many think, It is not delivered on a single day, but through a thousand hammer blows. The final outcome will only be visible late down the path of no return. Recognizing each step towards a financial crisis is a skill that will enable you to see the big picture and read beyond the headlines.
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide.
“When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult,” wrote Allison. “Markets do form bubbles, but the Fed makes them worse.”
Allison, in the same paper, also suggested that the government’s practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by “a market standard such as gold.”
The New Labor Wars (Tiffany D.)
But what’s fascinating is the rebound in work stoppages this year. With two months left to go in 2016 (the BLS hasn’t compiled November’s data yet), the U.S. has already experienced 13 strikes.
And former US Treasury Secretary Larry Summers published an article last week stating that “nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe, and around the world.”
In other words, despite the India chaos, Summers thinks we should still curtail the $100 bill.
There’s the garden variety fake news that is not really “news” so much as it is titillating, tabloid-worthy material peddled by anyone with a Twitter account, a Facebook page and an active imagination. These stories run the gamut from the ridiculous and the obviously click-baity to the satirical and politically manipulative.
Anyone with an ounce of sense and access to the Internet should be able to ferret out the truth and lies in these stories with some basic research. That these stories flourish is largely owing to the general gullibility, laziness and media illiteracy of the general public, which through its learned compliance rarely questions, challenges or confronts.
In New England, where power prices are extremely high compared to national averages, Canadian exports would help cut costs for consumers. Canadian exporters are attempting to tap this market through six new transmission line projects that are in various stages of planning and construction.
It’s unclear if all of the projects will go through because of local opposition to power lines and a preference by some area residents for other sources of power. Still, with retail rates in some areas of New England as high as $0.26 per kwh, it is clear this is an opportunity.
"We look forward to opposing the DOJ's request in court after Coinbase is served with a subpoena," the San Francisco-based exchange said in a statement. "As we previously stated, we remain concerned with our US customers' legitimate privacy rights in the face of the government's sweeping request."
In Colorado, the trend is much the same. Since 1980, the average daily high temperature has jumped by two to 2.5 degrees Fahrenheit. “The warm years that we’re having now are all warmer than almost any other year we’ve ever measured,” says state climatologist Nolan Doesken. That temp increase is in large part the result of the amount of carbon dioxide we’ve pumped into the atmosphere, which serves as a kind of blanket around the world (see “Carbon Footprints” below). And unless we invent some magical CO2-sucking machine, Doesken expects Colorado to continue to warm. The question is: by how much?
"We've seen three bleaching events (in the reef) and each time it can be explained by where the warm water was," the report's author, ARC Center of Excellent for Coral Reef Studies Director Terry Hughes, told CNN.
"In the north, the summer temperatures got up to two degrees above the normal maximum and that caused severe bleaching," he said.
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