New Home Construction Up, But Building Permits Drop

In the not so bad news category, the government reports that the housing market is rebounding: U.S. housing starts increased for the second straight month in April to an 18-month high, the government estimated, but building permits fell sharply, casting doubts on the...

China Home Sales Down 50% In a Month

China has been the investment darling for the last couple of years. As US economic woes continued to mount and the EU ran into debt problems, many an analyst continued to talk about China as if it had decoupled from the rest of the world. The Chinese government, much...

NEW HIGH IN GOLD

Oh, traders smart put out the buys. The price of gold is on the rise. The price of stocks is very grey. They sell in May and go away. So gold bugs have a smiley face. It rises at a rapid pace. But stock bugs have a face that’s long. And that’s the message of my...

Pelosi to Congress: You Need to Fly Coach

Nany Pelosi, after recently taking heat for blowing $101,000 on in-flight services like booze and beer, says that unofficial perks in the House of Representatives must come to a stop: House Speaker Nancy Pelosi (D-Calif.) on Friday announced that lawmakers should fly...