Global HousePriceIndex Surges ToRecordHigh http://feedly.com/k/19kJ7WE With home prices in the UKdrivingpeopletoliveinboxes and BobShillerworriedabouttheUS, Bloomberg’s Niraj Shah notes that the Knight Frank global house price index has risen to a record. The index, now 4% abovetheprevioushighin Q3 2008 isledby China andEmergingNations (with Europe weakest) as investor speculation amid central bank liquidity fuels yet another bubble (that no one could see coming again). ViaBloomberg’sNirajShah (@economistniraj), RecordHighfor Global … Seguir leyendo Global House Price Index Surges To Record High

Fact, Fiction, And 11 BitcoinMyths http://feedly.com/k/1fn9wnX Haters gonna hate, but the “Bitcoinbubble” meme has become the financial equivalent of a viral online cat video – wildly popular but pretty vacuous. In an effort to separate fact from fiction, ConvergEx’s Nick Colas reviews 11 bitcoinmyths (anddispelsthem). Still, there’s no doubtthatthepublicisentranced: there are now 3x more Google searches for “bitcoin” than “Western Union”, and 33x more than … Seguir leyendo Fact, Fiction, And 11 Bitcoin Myths

LivingIn A SteelBox: LondonersLiveInShippingContainersDueToSoaringRents http://feedly.com/k/1fn9dtg With even Bank of England head Mark Carney admitting UK housing prices may be a little bubbley (and affordability plumbing new depths), RTreportsthat a hostel in east London has come up with the ingenious idea, to try and solve homelessness amid soaring rents in the British capital, of converting a shippingcontainerfrom China into a tinylowcosthome for hard up and desperate … Seguir leyendo Living In A Steel Box: Londoners Live In Shipping Containers Due To Soaring Rents

America’sDescentintoThirdWorldStatus: Tropical DiseasesRiseAmongPoor http://feedly.com/k/IR1rfr To the extent that middle class and more affluent people think about poverty in America, they likely have blurry, partial images due to distance and lack of direct experience. Their remedies might include better education and training, higher minimum wages, more affordable housing. New Scientist thinks otherwise. Its headline for a blistering editorial: WanttofixUSinequality? Beginwithwormingtablets. Reader Francois T, who is a … Seguir leyendo America’s Descent into Third World Status: Tropical Diseases Rise Among Poor

New YorkCity Has TheMostHomelessChildrenSinceTheGreatDepression http://feedly.com/k/IQuLm1 SubmittedbyMichaelSnyderofTheEconomicCollapseblog, At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness. According to the New York Times, the last time there was this many homeless children in New York City was during the days of the Great Depression. And thenumberofhomelesschildrenintheUnitedStatesoverallrecentlyset a new all-time record. As I mentioned yesterday, there are … Seguir leyendo New York City Has The Most Homeless Children Since The Great Depression