By Wolf Richter of WolfStreet
Even the Fed put commercial real estate on its financial-stability worry list.
No, the crane counters were not wrong. In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000 new rental apartments in buildings with 50+ units are expected to hit the market.
Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing
This won't help US-China relations... Despite international sanctions aimed at curbing the country’s nuclear activities, North Korea’s economy grew by 3.9 percent in 2016, which is the highest growth rate since 1999 (6.1 percent).
You will find more statistics at Statista
Authored by Nomi Prins via The Daily Reckoning,
I’ve just wrapped up a long trip to Japan. And I’ve taken away one lesson from all of my conversations, speeches and research: The rise of nationalism in the U.S. will cause massive shifts in global trade alliances.
One of the main beneficiaries will be Japan. Now, Japan might not be on your radar, day-to-day, but it’s about to play a very important role in the world of Donald Trump.
Here’s what I mean…
Having staged a dramatic reversal at the end of 2016, when the world's formerly most bearish hedge fund - it was net short over 100% in late 2016, which in turn led to a -24% return last year...
... rerisked, turning flat in just a few months, Horseman Global - now short developed markets and long emerging markets, and having lost 8.31% through the end of June - is once again dipping its toes in shorting stocks in general, and shale producers in particular. And, in Russell Clark's latest letter, the Horseman CIO explains why.