-
Archives
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
-
Meta
Tag Archives: Gold
Priced in Gold, is Housing Cheap?
In terms of the median price, it took almost 600 ounces of gold to buy the median priced house in 2005.
Then housing collapsed, and gold rocketed from $500/oz to $1,500/oz. As a result of housing declining by 40% and gold tripling, the ratio has plummeted by 80%, from 500 to just above 100. Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged Case-Shiller, Gold, Home Prices, Inflation
Leave a comment
Australian Home Prices Heading Down
Even when domestic (underline) loan approvals started sliding seven months ago, demand and house prices continued to surge, under a wave of foreign demand. Clearly, overseas Chinese cash buyers were driving the market.
Finally, three weeks ago, the Australian Government responded to a political backlash against the unaffordability of housing, and announced the re-introduction of restrictions on the purchasing of residential property by non-residents. Coming just as global share markets turned sharply down, and reports surfaced about a downturn in China’s property markets, the effect on the Australian property market was immediate, and will be huge. Continue reading
Posted in Best Of The Storm, Economic News, Fresh Perspectives
Tagged Australia, China, Gold, Home Prices
Leave a comment
RECESSION, DEPRESSION OR SYSTEMATIC BREAKDOWN
This article previously appeared in the December 2009 edition of the Casey Report. As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying. The National … Continue reading
Posted in Fresh Perspectives, Home Economics
Tagged Budget Deficit, GDP, Gold, Inflation, National Debt, Stimulus
Leave a comment
The Multiplication of Money
The economy grew in the fourth quarter by 5.9%, the most in years. The adjusted monetary base is exploding. Bank reserves are literally through the roof. The Fed is flooding money into the system in an effort to get banks … Continue reading
Posted in Banking and Finance, Fresh Perspectives
Tagged Gold, Greece, Hedge Funds, Inflation, Money Supply, The Dollar, The Euro
Leave a comment
Why I am an Optimist
I admit that of late my writings have had a rather dark tone. There are certainly a number of severe long-term problems that we must deal with, and they’re going to serve up a lot of economic pain. But the … Continue reading