Real Estate – Alternative to Bonds

by Martin Armstrong QUESTION #1: It has become impossible to buy houses between $300-$500,000 in the Orlando area. From a realtor, he said that Blackrock is buying everything and they rely on a famous forecaster who said real estate is the only way to earn income. He said he heard it was someone in Florida. Is … Read more

What Inflation? Export Prices Rise 17.4%, Import Prices Rise 10.8% (Copper And Nickel Fall 4%)

by confoundedinterest17 Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. 🙂 The US export price index (end use) for all commodities for 17.43% year-over-year in May. The import price index rose 10.83%. We were seeing a surge in commodity prices, like lumber and copper. But today we are … Read more

ROARING 20S: Aspen Mansion Sells for Record $72.5 Million… Poultry Prices Highest Ever… Is Fed Planning Escape Route?

ROARING 20S: Aspen Mansion Sells for Record $72.5 Million… A mansion overlooking downtown Aspen has sold for $72.5 million, according to two people familiar with the deal. Appraiser Jonathan Miller said the transaction sets a price record for a single-family home in the upscale Colorado ski town. The deal follows the sale last year of … Read more

Why Stimulus Does Not Stimulate

via Robert Blumen: Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the difference, and the central bank prints … Read more