filed under "don't fu--ing care"...
Princeton Cancels Men's Swim Season After "Vulgar, Offensive, Misogynistic And Racist" Emails Discovered
Hear Eric Sprott discuss this week’s action by The Fed and the price reaction in gold and silver.
Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.
Click HERE to Listen
The most decisive factor in the implementation of the Trump economic plan is the reaction of the Federal Reserve. While a Fed rate hike in December was basically a certainty, the path of rates in 2017 following the December hike will be dispositive with regard to the success or failure of Trump’s plans.
The Fed can choose to be highly accommodative in the face of Trump’s larger deficits. In effect, the Fed will not anticipate inflation, but will wait until it actually emerges. Actual inflation is still well below the Fed’s target inflation rate of 2%. Since the Fed is targeting average inflation of 2%, it could allow inflation to run above 2% for a while, which would be consistent with 2% average inflation, given today’s lower level.
Washington, D.C. Housing Market at a crossroads.
Clients change their minds. But historically, with the low home inventory levels we have had in Washington, D.C., buyers don’t often walk away from a house they successfully place under contract. Typically, buyers see a bunch of houses and zero in on “the one.” They shoot first, and we can ask questions later because someone else may get this house.
Occasionally, someone changes their mind. Maybe after a night of sleep. Maybe after the home inspection when there were a few more things that needed repair than they expected. Maybe after getting the homeowner’s association documents and finding something they don’t like. This is all totally normal, and it’s how most buyers seem to operate. They either get over those little hurdles and buy the house or they rescind the offer.
In many areas of the country prices are already down 5-10%. I know, you’re going to say that offer prices are not reflecting that. But talk to the developers of NYC and SF condos who are trying to unload growing inventory. Douglas Elliman did a study of NYC resales released in October and found that resale volume was down 20% in the third quarter vs. Q3 2015. A report out in November published by Housing Wire said that home sales volume in the SF Bay area fell 10.3% in the first 9 months of 2016 vs. 2015. Price follows volume and inventory is piling up.
Towns and villages in Sweden have been told to make preparations for a possible war with Russia.
Last week the country’s Civil Contingency Agency (MSB) sent letters to local authorities telling them to prepare civil defense infrastructure and procedures for a possible war. The move was prompted by Sweden’s return to the Cold War-era ‘Total Defense Strategy’.