Two Presidents Walk into a Convenience Store
The people of New York were shocked when former President Donald Trump made an appearance at a bodega in Harlem amid his own court battle. Crowds of New Yorkers swarmed [...]
The Condo Market Turning Down
The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back to the base currency.
As with every peak, developers see how condos sell so they have increased the supply right into the peak in prices. This cyclical pattern repeats over and over again. The foreign investors who got into US property back in 2011 have made a fortune in the home currency and are taking profits.
Latest Posts
Insurance is Always a Scam – Beware – They Pay NO CLAIMS in time of war
Loyds Nord Stream v (1) LIC and (2) Arch – CL-2024-000094 – Defence Switzerland-based Nord Stream AG filed a lawsuit against the insurers for refusing to compensate the company. Nord [...]
Market Talk – April 19, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,011.35 points or -2.66% to 37,068.35 Shanghai decreased 8.96 points or -0.29% to 3,065.26 Hang [...]
Homelessness Epidemic: the Public Sector is a Welfare Program
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4 California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to [...]
