Market Talk – April 29, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 closed • Shanghai decreased 1.76 points or -0.05% to 3,286.65 • Hang Seng increased 36.15 points [...]
High-End Real Estate Starting to Enter Crash Mode
The high-end market in Connecticut is starting to decline. The hedge fund manager Stanley Druckenmiller bought his estate in 2004 for $23 million. He had it on the market for $31.5 million. The best offer he got was $25 million. He took the money and ran. Smart move! With a real estate tax of about $154,000 annually, looks like a break-even deal after 13 years.
The high-end real estate boom is now turning sour. We are looking at property values declining in London, Australia, New Zealand, Hong Kong, New York, and even Miami. The shift will now turn toward MOVABLE assets as capital departs from the fixed asset class.
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The New Federal Reserve HQ
The Federal Reserve is nearly done completing its revamp of its Washington, DC, headquarters with a price tag of $2.5 billion. The luxurious facility has come under intense scrutiny as [...]
Germany Seeks Loophole to Increase EU Funding to Ukraine
German Finance Minister Jörg Kukies is urging the European Union to force nations to drastically increase aid to Ukraine under an emergency clause. This emergency clause acts as a loophole [...]
