(Bloomberg) — Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor. Now that housing prices are again at historic highs, Kiesel is thinking of selling again. Can he be […]
Wonder why there has been such a short supply of housing and it’s been getting more and more expensive? You can blame part of this on large corporate speculators, such as Zillow. The company discovered belatedly that home prices don’t go up forever and, as a result, will lose $550 million and 25% of its […]
Editorial Comment – Hmm, print historically unprecedented amounts of fiat currency then prices rise and stay there…who could have seen this coming? š Soaring gas prices, staff shortages, a lack of ships — price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory. ā Read on www.reuters.com/article/global-markets-inflation/analysis-from-chips-to-ships-shortages-are-making-inflation-stick-idUSL8N2QV1GH
(Bloomberg) — U.S. home prices rose the most on record in the second quarter as buyers battled for a scarcity of listings.The median price of an existing single-family home jumped 23% from a year earlier to an all-time high of $357,900, the National Association of Realtors said in a report Thursday. About 94% of 183 […]
Los Angeles-based eco-label Christy Dawn, which designed theĀ “Farm-to-Closet”Ā regenerative fashion collection, offers a kind of roadmap for small-scale brands, even those outside the fashion industry, to connect with regenerative agriculture. Read more below. Source: In Fashion, Regenerative Farming Isn’t an Impossible Solution
Waitstaff are making $120,000?! During my university days, granted they were some years back, I got $2.14 per hour plus tips. Not even award-winning celebrity chef Wolfgang Puck is immune to the labor shortage plaguing the restaurant industry. ā Read on finance.yahoo.com/news/wolfgang-puck-waiters-make-120000-a-year-but-i-cant-find-them-163442777.html
Salt Lake City is building a tiny home village to address homelessness. Is it just a quick fix for an economic hiccup, or is it the beginning of a new long-term housing trend prioritizing reconnection with community instead of material accumulation? Read more below. Source: Salt Lake City is building a tiny home village with […]
Communities around the US are competing for residents, offering perks that are hard to refuse. Springdale, Arkansas, a fast growing city in one of the nation’s top-ranked metropolitan areas, offered $10,000 and a bike. I was surprised to read this because it is my hometown I left 30 years ago to attend university and eventually […]
Congress has reduced risk by using taxpayer funds to underwrite crop prices and cash revenues. ā Read on www.marketwatch.com/story/bill-gates-and-warren-buffet-should-thank-american-taxpayers-for-their-profitable-farmland-investments-11615382905
Energy consumption underlies all aspects of GDP. COVID restrictions reduce energy consumption and thus GDP. History since 1820 shows low growth in energy consumption leads to war, depressions, and overturned government. Gail Tverberg’s forecast of energy consumption to 2050 is concerning. ā Read on ourfiniteworld.com/2020/11/09/energy-is-the-economy-shrinkage-in-energy-supply-leads-to-conflict/