Brave Home Buyers – And Other Consumers

Consumer confidence is surging, investment fear is subsiding, and brave buyers are wading back into the existing home market.

On Wednesday the National Association of Realtors said that sales of existing homes rose 2.9 percent. The annual rate now stands at 4.68 million homes, up from the 4.55 million annualized rate in March.

The . . . → Read More: Brave Home Buyers – And Other Consumers

Magic: How Slums Become Lovely Towns

An Economic Times article today, titled “Slums and economic stimulus”, says

“If slum dwellers could be given property rights that are heritable but inalienable to the land on which they now have their make-shift homes, if these title deeds provide for being used as collateral, then immediately all of these people . . . → Read More: Magic: How Slums Become Lovely Towns

Mark Creasy on stocks and flows

In an interview with Tim Treadgold for the Eureka Report, Mark Creasy makes a point about watching the stocks, not flow, of gold:

Scrap gold, and even mine-supply, aren’t really the big players in the (gold) market. There’s about 160,000 tonnes of gold in existence, and the world produces about 2000 tonnes of freshly-mined . . . → Read More: Mark Creasy on stocks and flows