The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors.
Compare that to just 39 rising metros a year ago. The median home price is up 7.6 percent from a year ago, the strongest year-over-year increase since the first quarter of 2006.
Read more: http://www.cnbc.com/id/49727669
Yesterday it was Jim Rogers despairing over Obama’s re-election, today it’s Marc Faber, are there any financiers out there who are happy with the results of the election?
In an interview with Trish Regan and Adam Johnson on ‘Street Smart’, Marc discussed his reaction to Obama’s victory, and what impact he sees the result having on the US economy in the future.
Read more: http://tinyurl.com/bx8vtl9
With President Obama safely back in the White House investors in precious metals can justly feel that the president’s promise that ‘the best is yet to come’ is aimed at them. For gold and silver outperformed every other asset class in his first term, and there is nothing like political continuity.
Investors in precious metals have pretty much doubled their money since Mr. Obama was first elected. In that same timeframe US equities have been on a roller-coaster ride to nowhere. Bonds have done better but nowhere near as good as gold and silver.
Read more: http://tinyurl.com/bqfd4x8
With the American election over, the University of Alberta hosted a panel featuring political science teachers to discuss what U.S. President Barack Obama’s re-election means to Canadians.
The short answer was not a lot.
Read more: http://tinyurl.com/cyzeqbr
A quick point on a big topic that people will be talking about in the coming weeks: The Fiscal Cliff.
The conventional wisdom on the Fiscal Cliff is that Romney would have been better for it, because he’d ensure that the tax hikes wouldn’t have happened.
Read more: http://tinyurl.com/bdlhhff