The rate of rising home prices in Canada’s largest city slowed slightly in May as a new tax on foreign buyers – one of 16 new measures meant to cool the country’s white-hot housing market – failed to cool the Toronto housing market despite a dramatic rise in new listings, Reuters reported, citing data from the Toronto Real Estate Board.
Authored by Carey Wedler via TheAntiMedia.org,
Back in 2011, after making a killing off of his infamous mortgage short, John Paulson found himself running one of the largest hedge funds on wall street with $38 billion in total capital under management, including roughly $19 billion in outside capital. But, after gaining instant fame with his massive subprime bet, Paulson can't seem to buy a clue in recent years which has left many investors wondering whether he may have been nothing more than a "one-trick pony".
Certainly returns in his Paulson Advantage fund would indicate some difficultly replicating historical success:
Authored by Kevin Muir via The Macro Tourist blog,
We all get it wrong, including Bass, Yusko, Icahn, Dalio, and [insert whatever guru you want in here].
So when you take solace in the fact the stock market is running higher without you, I would be weary of consoling yourself that you are in smart company.
Authored by Charles Hugh Smith via OfTwoMinds blog,
The general view in inflation is dead, essentially forever. Maybe. Maybe not.
We all know real-world inflation for big-ticket expenses is far above the official rate of around 2% annually.
Yet conventional economists are virtually unanimous that deflation is the danger and inflation is a "good thing" we need to spur so servicing existing debt becomes easier for debtors.