Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.
BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar. The BRICS—an acronym for Brazil, Russia, India, China, and South Africa—held a summit on June 23.
Newsfeed: China And Russia Want To Replace US Dollar With BRICS Currencies Read More »
The emerging multi-polar world now includes foreign-exchange markets — as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their currencies.
Newsfeed: US Rivals Shunning Dollar Lifts Yuan-Ruble Trading by 1,067% Read More »
The real estate story behind Walt Disney World in Florida has a valuable lesson for investors today … and it’s not what you think. If you’re unfamiliar, Walt Disney decided to create a new and improved East Coast version of his epic California Disneyland. But he needed land … LOTS of it. So he went
From Disney World to Bizarro World … Read More »
WOW … the news is FULL of things to keep an investor awake at night. Some of it’s so exciting, you can’t wait to seize the opportunity. Other things are so spooky, you want to pull the covers up and hope it’s just a Halloween gag. Right now, stock market investors are learning it can
The future of interest rates … Read More »
It’s no secret the United States has been at odds with both China and Russia lately. So what? What does it mean to Main Street entrepreneurs and investors? Maybe nothing. Or maybe a lot more than you think. Just a few months ago, Russia dumped a majority of the Treasury holdings. Three out of the last four months, China has reduced its Treasury holdings.
Is THIS what China and Russia are REALLY doing … Read More »
Real estate investing is a VERY different approach to wealth building than paper asset investing. You could say they’re two different worlds. But the paper world has far more impact on real estate investing than many real estate investors realize. And when those worlds collide, it’s often a painful shock to real estate investors. The
When worlds collide … Read More »
If you’re a newshawk like us, you’ve probably noticed the world is a little crazy. Even something as mundane as money and wealth has become weird. The most obvious case in point is the dramatic rise and retreat of Bitcoin. In 2017, something triggered a rush of money into Bitcoin … driving it from $1000
Keeping it real in a surreal world … Read More »
Imagine a scenario where a giant asteroid is on a collision course with Earth. When it hits, a huge portion of the world will be destroyed. Scientists and politicians know it’s coming. But it’s years away. Fearful of triggering panic, the information is suppressed. Even when leaks get out, they’re spun to seem insignificant. Of
Doomsday scenario … Read More »
What a wild ride 2017 has been … and 2018 is looking even MORE intriguing! There’ve been SO many fascinating stories. Trying to pick the MOST interesting is a real challenge … … a historic and unorthodox Trump presidency … the record-breaking ascent of the stock market … the record-breaking U.S. and global debt … the meteoric, hyperbolic
The MOST interesting story of the year … Read More »