Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Section 1 of 3 [00:00:00 – 00:14:05] (NOTE: speaker names may be different in each section) Al Letson: From the center of investigative reporting in PRX, this is revealed an outlet. Jessie: This is considered the northeast, Mayfair section actually, it’s nice and-[crosstalk 00:00:18] Al Letson: Jessie Suren is a 28 year old college grad….
Overseas buyers are now retreating from the US home market, thanks to slackening world economies, higher home prices, and a strong dollar. This week the National Association of Realtors released its annual report on international buying. It found that together, resident and non-resident foreigners invested $102.6 billion in the US home market between April 2015…
It seems Farage was right… again… “Can we all just grow up, stop this absolute scare-mongering nonsense?” Farage told CNBC on Tuesday, adding that the FTSE 100 is up 3 percent today. “Can we just end this complete rubbish?” FTSE 100 is now unchanged from pre-Brexit as Osborne, Cameron and the fearmongers appear…
Something incredible is underway: Long-term interest rates are collapsing in a big way. German 10-year yields moved into negative territory this week for the first time ever. U.S. 10-year yields have dropped back to 2012 lows. According to Fitch, the volume of global government bonds trading with negative yield has crossed the $10 trillion mark…
America’s richest self-made woman is broke. On June 1, Forbes went viral when it downgraded its estimation of Elizabeth Holmes’ wealth from $4.5 billion to zero. The magazine argued that Theranos, the embattled biotech company Holmes founded, should no longer be valued at $9 billion. Therano’s new valuation of $800 million meant Holmes’ 50% common…
The mobile app boom kicked off in July 2008, when Apple introduced the App Store. Now it is over. People are still making plenty of apps, of course. And many people are still downloading them. But the go-go growth days are gone. If you are an independent app developer or publisher, you have probably known…
Examples of these markets include San Antonio, where Blomquist says flippers are actually purchasing at a 7.8 percent premium above estimated full market value, as well as Austin, Texas; Salt Lake City; Naples, Florida; Dallas and San Jose, California. Despite the premium to buy, flippers are still seeing growing gains in profit. Home flippers realized…
LendingClub. I confess that I don’t understand the LendingClub scandal. LendingClub sold $22 million worth of “near-prime loans” to one investor (Jefferies) “in contravention of the investor’s express instructions as to a non-credit and non-pricing element”; it noticed the problem “with the discovery of a change in the application dates for $3.0 million of the loans.”…
Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a hit, inhibiting their ability to fund the sovereign, whose yields would then rise some more,…
©Joe Waldron Save money into my pension? I’d rather blow it on a holiday. This is the typical response of a millennial — marketing shorthand for a 20-something — when you ask them about financial planning. More On this story On this topic IN Personal Finance For the generation that grew up in the Noughties,…