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Existing Home Sales Hit Decade High As Prices Jump More Than 7%

Existing Home Sales Hit Decade High As Prices Jump More Than 7%

So much for concerns that rising rates would slam the US real estate market.

According to the NAR, in January, Existing home sales jumped by 3.3%, well above the 1.1% consensus estimate, and more than reversing last month's revised -1.6% drop. The annuallized pace of sales rose to 5.69 million, above the 5.54 million estimate, and the biggest monthly jump since March 2016. January's sales pace was 3.8% higher than a year ago (5.48 million) and surpasses November 2016 (5.60 million) as the strongest since February 2007 (5.79 million).

Jim Rogers: "We're About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear"

Jim Rogers: "We're About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear"

"Get prepared," warns billionaire commodity guru Jim Rogers, "because we're going to have the worst economic problems in your lifetime and a lot of people are going to disappear." In this wide-ranging interview with MacroVoices' Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated ("yes, ask Victoria Nuland"), the war against cash ("governments love it... they want to control everything"), to his views on gold and the demise of freedom.

Full podcast below:

"Common Sense" Part 2 - Addressed To The Inhabitants Of 2017 America

"Common Sense" Part 2 - Addressed To The Inhabitants Of 2017 America

Submitted by Jim Quinn via The Burning Platform blog,

In Part One of this article I explored Thomas Paine’s critical role in the creation of our nation. His Common Sense pamphlets inspired the common people to uncommon acts of courage and heroic feats of valor; leading to the great experiment we call the United States of America. Paine, Franklin and the other Founding Fathers produced a republic, if we could keep it.

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