Business

Data released by China's NBS early last week confirmed that the latest Chinese housing bubble continued to deflate with 70-city housing price data confirming that home price inflation slowed in most cities in November, except in a few lower tier cities where home price inflation re-accelerated. The average, seasonally adjusted property price change was in November +0.7% from October, and up +12.9% yoy. This compares to October's +1.2% mom increase and +12.7% yoy.

Average housing price growth continued to moderate in tier-1/2/3 cities.

Submitted by Keith Dicker IceCap Asset Management

The ostrich is an awesome bird. It has awesome legs, awesome eggs and an even more awesome history. 5,000 years ago, the Mesopotamians featured the giant bird on cups, shirts, and walls; and even used its eggs as currency in trade. 2,000 years later, the ostrich continued to be revered and this time in Egypt. On special occasions, pharaohs received ostrich eggs, ostrich feathers, and even ostrich hats as gifts of honor and respect.

President Obama has just quietly signed into law a bill that makes it illegal to run an alternative media website in the U.S. On Friday, just two days before Christmas, Obama signed the “Intelligence Authorization Act for Fiscal Year 2017” bill into law.

Submitted by John Mauldin via MauldinEconomics.com,

There’s compelling evidence that US stocks are overvalued. Yet just in the last month, we saw investors react to the US election by bidding the benchmarks up to new all-time highs.

This implies they expect even higher prices next year. Can it happen?

Louis Gave of Gavekal took on that question in a lengthy and masterful presentation last week titled “Something’s Gotta Give” (article is behind paywall).

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James J. "Jim" Cramer, the noted stock market seer, is out with another market call. JJJC has become famous for his prescience and timing. He is truly the Nostradamus of our time. So when JJ makes one of his eagerly awaited stock market pronouncements, we must all heed his words. So let's take a journey thru time and view his amazing calls - it's almost like he has a crystal ball: