Silver as an investment

Category Archives: Big Apple

Amazon Has Received 238 Proposals For The Company’s Second Headquarters

Just days after we reported that in the mad dash by virtually every American city to become Amazon’s second headquarters, in which some such as New Jersey offered as much as $7 billion in state and city tax credits, today Amazon announced that that it has received 238 proposals from “cities and regions in 54 […]

NYC Isn’t The Only Place The “Rent Is Too Damn High”; Euros And Canadians Also Struggle To Make Rent

Jimmy McMillan III, the now infamous founder of the “Rent Is Too Damn High Party”, as well as a self-described karate expert, Vietnam War vet, former postal worker and male stripper, has made it his mission for the past two decades to fight rising rents in New York City that have persistently pushed lower-income families […]

The Uncanny Similarities Between President Trump And FDR

Submitted by Jeff Brown via The Saker, Trump and Roosevelt: two peas in a pod? For the record, I voted for Donald Trump. Not that I was in love with the guy. It was really a matter of default. On the Oklahoma state ballot, I had the choice of Hillary “Crimes Against Humanity + Here […]

Man Who Stole $1.6 Million Bucket Full Of Gold In Midtown Manhattan Has Been Captured

The most brazen, fascinating gold heist of the year, if not the decade, is now closed. Recall that in late November, we reported that in what may have been one of the most brazen thefts in Manhattan’s jewelry district, a man calculatedly swiped an 86-pound bucket full of gold worth $1.6 million from the back […]

NYC Homelessness Record High Despite Falling Unemployment Rate

Submitted by Mike Shedlock via MishTalk.com, Salil Mehta at Statistical Ideas investigates the homeless rate in New York City. Mehta notes the streets are flourishing with a severe homelessness problem that’s escalating briskly despite a falling unemployment rate. Please consider a The Empire City of Homelessness. Annual Growth Rate of Homeless Record High Homeless Note […]

NYC Luxury Real Estate Weakness Spreading As Lower Pricing Tiers Tank

A few weeks back we wrote about how luxury real estate markets around the country were tanking (see ""I’ve Never Seen Anything Like This Before" – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing").  Turns out other price tiers may be at risk of contagion as lower-priced real estate is also […]

“There’s Some Crazy Stuff Going On In New York” As Rental Glut Finally Hits The Bottom Line

As a natural consequence of the Manhattan luxury real-estate slowdown that we’ve documented previously (here and here), REIT’s that have exposure to the Big Apple are starting to feel the impact to their bottom line. According to reports, REIT Equity Residential, the U.S.’s biggest publicly traded multifamily landlord, fully intended to increase net effective rents […]

Let Them Eat… Out

According to the latest Consumer Price Index data from The Labor Department, it has never – ever – been more expensive to "dine out" relative to "eating at home." In December last year, in another instance showcasing the real intellectual capacity of career and academic economists and those clueless enough to listen to them, we […]

Central Bankers’ Embarrassment Of Stitches

Authored by Danielle DiMartino Booth, Leonor Jean-Christine Soulas d’Allainval was no Shakespeare. His first play, “L’Embarras des richesses,” was a three-act comedy that premiered in 1726 and was performed only four times in the hopeful playwright’s lifetime. At age 53 he died embarrassingly franc-less at the Hotel de Paris. That’s not to say Soulas did […]

Bloomberg Vs. Trump?

Submitted by Patrick Buchanan via Buchanan.org, The morning of the New Hampshire primary, Donald Trump, being interviewed on “Morning Joe,” said that he would welcome his “friend” Michael Bloomberg into the presidential race. Which is probably the understatement of 2016. The three-term mayor of New York and media mogul whose fortune is estimated at $39 […]