Can one move help you save 40% off your rent?
Read more: http://tinyurl.com/y9wsws59
In a 2015 blog post titled “Unintended Consequences” I explained that policies implemented by the Clinton and Bush administrations to boost the rate of home ownership not only had unintended consequences, but the opposite of the intended consequence. This post is a brief update on the US home ownership situation.
Read more: http://tinyurl.com/y82hcnkt
Shell is set to restart its 325,700-bpd Deer Park refinery in Texas, after shutting it down for three weeks during and after Hurricane Harvey’s sweep of the U.S. Gulf Coast. By noon on Sunday, the refinery’s biggest crude oil distillation unit, with a capacity of 270,000 bpd, was up and running again. The rest of the units are being restarted currently.
Read more: http://tinyurl.com/yafzlmaf
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.
Read more: http://tinyurl.com/y82ee7r7
A historic Federal Reserve meeting highlights this week’s economic news. While the Fed isn’t expected to raise interest rates, Fed officials have indicated they’ll announce that they’ll begin to shrink the bloated asset portfolio the central bank has built since the Great Recession. That move will slowly push up long-term interest rates. Reports on housing starts and existing home sales will also be released.
Read more: http://tinyurl.com/ybma9elo
You might have seen a recent news item about a local gentleman who agreed to accept Bitcoin for his Coral Gables house, which he had put on the market for $6.4 million. I hope you did, because that’s my listing! (Along with my business partner, Carol Cassis.)
Read more: http://tinyurl.com/yaqjspr8