Sales of new homes tumbled 7.6 percent in August (lambertad)
At the August sales pace, it would take 4.6 months to exhaust the supply of new homes on the market. That’s up from 4.2 months’ supply in July. Both months represent low inventory levels, even though construction of new homes has accelerated for most of this year. Builders would like to boost construction even more, but they face rising land and labor costs.
World Trade Set For Slowest Yearly Growth Since Global Financial Crisis (Adam, sign-in required)
World trade will this year grow at the slowest pace since the global financial crisis, a development that should serve as a “wake-up call” given growing anti-globalization sentiment, the World Trade Organization warned Tuesday.
Trauma Programming (thc0655)
Why is it so important to political progressives to keep feeding the story that great numbers of black people are being unjustly murdered by police? The facts, of course, suggest that this is not true. Earlier this summer, The Washington Post could not ignore the study published by black Harvard economist Roland Fryer, Jr. How a controversial study found that police are more likely to shoot whites, not blacks. And why in the long-running issue is it such a low priority to ask the truly salient question in all of these fatal confrontations: how are the suspects actually behaving during the incidents in question?
The two candidates disagreed as to who was behind the recent attacks on the Democratic National Committee but concurred that cybersecurity should be a top priority.
The former secretary of state, Clinton, laid the blame squarely at the feet of Moscow—concurring with the intelligence community and the view of the President Obama administration—and did not mince words.
The reality is that places like Sternlicht’s, a nearly 6-acre estate priced at $5.95 million before he gave up, aren’t moving. No such problem if it’s $2 million or less. That Benz is going nowhere, but sales are up at Cadillac of Greenwich, where $50,000 is pretty much the basement. Ten-carat diamonds that can cost in the six figures collect dust in stores on the main drag. On the other hand, a husband will still drop $10,000 on jewelry for a 10th anniversary.
One Indicator to Beat the Crash (Tiffany D.)
When the VIX is significantly beyond 30, investors are definitely panicking, and the S&P 500 is in collapse territory. At this point, investors are selling everything in their portfolios just to stop the bleeding. They no longer care what price they get out at. They just want out. That kind of panic selling tends to feed upon itself, sending the market spiraling lower for an extended period of time.
Trump recently delivered a speech at a fracking conference where he promised to cut taxes and reduce regulations, but the industry response has been skeptical. In In July Trump equivocated on his position regarding fracking, expressing sympathy with local municipalities who wish to ban fracking. In his attempt to court both rural, lower-income communities who are wary of fracking’s long-term consequences and the businesses behind the American fracking boom, Trump is being pulled in two directions at once.
The Grass Really is Greener, Especially Between the Rails (bobwise32952)
Europeans are better positioned for energy transition and global warming – mainly because of decades of public policy and investment, but also because of certain habits and attitudes..We can’t undo our decades of investment in streets, roads and highways and suddenly switch over to rail. But in most of the country, the rudiments of a public transit system already exist…If you can use your local bus service without too much inconvenience, you can vote for public transit with your feet and your dollars. You don’t have to wait for a referendum, and you can vote as often as you like.
Gold & Silver
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