Hard hitting global and local news
Link if video does not play Faber: Gold Isn’t Down as Much as Apple . Marc Faber on Bloomberg TV on the Fall in Gold Prices "I love the markets
The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I’m Dispensable . “I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama. What Bernanke said is best translated as ” I’ll get while the gettin’ is good.
Diana Olick has an interesting article called Defying Gravity: Miami Condos Soar Again During the height of the housing boom, some likened the feverish flipping game in Miami’s condominium market to a circus. The circus is back, and more high-flying than ever
View the original here: Housing Construction in France Lowest in 50 Years; Hollande Responds With Measures to Support Building "For…
The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
Excerpt from: Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators
Click on any chart to see a sharper image Current data is as of November Annotations in purple by me Let’s start with a look at the rate of increase in home prices vs. the rate of increases in OER
View article: Nikkei Soars as Yen Sinks to 30-Month Low