84.7 F
Sunday, September 26, 2021

Apartment Prices Are Crashing In Major Cities Worldwide

Covid's effect on cities is starting to hit the price of rentals - and it's not just in the United States.  Apartment prices in some of the richest cities in the world are starting to show the effects of an exodus out of crowded city areas in order to move to more spacious suburbs. A slowing ebb…

Global Food Prices Rise As Famine Threat Emerges 

Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide. On Thursday, the Food and Agriculture Organization (FAO) of the United Nations said world food prices rose for the fourth consecutive month in September, led by surging prices for cereals and vegetable oils, reported Reuters.  FAO's food price index, which…

Gold Prices Supported By Western Investors As Consumer Demand In China And India Slows

Some of the world's most well known investors aren't being coy about wanting to get exposure to gold. In addition to Berkshire Hathaway's addition of Barrick Gold, Bridgewater also invested in gold backed ETFs during the second quarter.  In fact, holding up gold's price is interest from the West that is offsetting softer demand from…

Used Vehicle Prices Explode To All Time Highs After Plunging Just Months Ago

When you have the Central Bank back-stopping every industry in the United States, it's incredible how quickly things can change over the course of less than a quarter.  Less than two months ago we were talking about the unprecedented crash in used car prices that had taken place as a result of the coronavirus pandemic…

Home Prices Surge In Hamptons As Wealthy New Yorkers Flee City 

The Hamptons housing market is booming. But how? Isn't the economy in shambles and the recovery stalling?  Well, yes, but as we've discussed over the last several weeks, those who still have the economic mobility are fleeing cities for rural communities and towns, such as the one on eastern Long Island's South Fork.  For the same price…

Used Car Prices Offer Brief Respite After Plunging Below Forecasts Last Month

Over the last few months we detailed how used car prices were set to cripple what little interest in new cars remains, how dealers are scrambling to desperately offer incentives and how ships full of vehicles are being turned away at port cities due to a lack of space and inventory glut. Today, it's looking like the market is seeing a much…

Low Gas Prices Crush Appalachia Shale Boom

Authored by Nick Cunningham via OilPrice.com, Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt. Gas production in Appalachia declined by about 1 billion cubic feet per day (Bcf/d) over the past 30 days, bringing output down to an average of 32.7 Bcf/d, according to S&P Global Platts…

Gold Prices Plunge Right On Cue As China Golden Week Begins

Right on cue, as we detailed here, precious metals prices have been pummeled as China Golden Week begins... Silver futures have accelerated lower since losing $18... And Gold futures plunge back below $1500... Gold is notably outperforming Silver... Source: Bloomberg One glance at the last few years and the gold price action should not be…

US Producer Prices Drop For First Time In 30 Months

Following last night's deflationary print in China PPI (and super-inflationary food CPI print) from China, all eyes are back on the US hoping for some dismal producer price data offering Powell more 'data' to be 'dependent' on. And 'they' were given just that - a dismal miss on core PPI (even if the headline was…
Web Hosting

Recent Posts

USD - United States Dollar