Is regular bitcoin (BTC) too expensive? The most popular crypto-currency flirted with a price of $20,000 as it became more mainstream. Enabling futures trading on the CME was a big step forward, but also allowed going short on the coin. Going short or just plain old profit-taking sent BTC/USD down. At the time of writing,…
Perhaps it is the pressure of having member companies whose stock trade on public markets. Perhaps it is a coincidental divide in politics. Whatever the explanation, the split in opinion on the impact of Republican tax reform on the housing market became even more stark this week as The National Association of Home Builders (NAHB)…
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Today’s quotation of the day is from Albert Gallatin’s January 1832 essay “Memorial of the Committee of the Free Trade Convention” (available in full here), a part of which is quoted on page 169 of Douglas Irwin’s 2017 book, Clashing Over Commerce (emphasis added): That by multiplying in any country the channels of domestic industry, a greater scope…
Download the Book: The International Monetary System and the Theory of Monetary Systems by Pascal Salin, Edward Elgar, 2016 The present volume is an accomplished theoretical inquiry into the workings of the international monetary system. As the author himself explains in the introduction, the book is intended to provide readers with a good understanding of the economic principles…
Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars. In a rational world operating with honest financial markets those two results would not be found in even remotely the same zip code; and especially not in month #102 of a tired economic expansion and at the inception of an…
Key Takeaways It is important to understand that nobody can predict the housing market without exhibiting at least some room for error. The cost of homeownership should go up, as interest rates are expected to rise and inventory remains tight. Generation Z may get its first official glimpse of what it means to participate in…
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down three cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.20 and San Francisco, CA is the most expensive city, averaging $3.24. Oklahoma…
The end of the year is approaching fast, which means analysts and investors are making predictions for the year ahead. Cryptocurrency has been a major theme of late, so it’s only natural that we’re starting to get in a growing number of Bitcoin price predictions. It seems most of those who follow cryptocurrency expect it to…
US homebuilders haven’t been this happy since the dot-com era. Not even the housing mania of the mid-2000’s had builders feeling this good about things. According to the National Association of Homebuilders (NAHB), the trade group that represents firms in the industry, their sentiment index registered a blistering 74 in December 2017. Predictably, that’s got…
