Economics Misconceptions, Part 2

From James Altucher: FINANCIAL FRIDAYS: WHY TODAY IS THE DAY YOU HAVE TO REINVENT YOURSELF It’s going to be a shitstorm and I hope I have my umbrella. For the financial elite, it’s the best of times. For everyone else, maybe not so much, but by many metrics, living standards have improved. Never before has… Continue reading Economics Misconceptions, Part 2

Chinese nationals pour more than $150 billion over five years into US real estate

Chinese nationals pour more than $150 billion over five years into US real estate But during the same period, at least $127 billion went into US homes, and in the 12 months to March 2015 — the latest period for which relatively comprehensive data could be gathered — home purchases totalled $39 billion. That put… Continue reading Chinese nationals pour more than $150 billion over five years into US real estate

The Daily View : Stocks Plunge, RIP American Dream, Why Prescription Drugs are so Expensive

Here is the backstory behind the 5,000% price hike of Daraprim. In Martin’s defense, the drug is classified as an ‘orphan drug‘, which means there is little demand due to the rarity of the underlying condition it is supposed to treat. In order for phrama companies to profit from orphan drugs, they have to charge… Continue reading The Daily View : Stocks Plunge, RIP American Dream, Why Prescription Drugs are so Expensive

Post-2008 Capitalism: A Guide

From n+1 magazine, After Capitalism: HOW WILL IT END? For centuries even the most sanguine of capitalism’s theorists have thought it not long for this world. Smith, Ricardo, and Mill pointed to a “falling rate of profit” linked to inevitable declines in agricultural productivity. Marx applied the same concept to industrial production, suggesting that the… Continue reading Post-2008 Capitalism: A Guide

China’s investors find safe haven in American real estate

From Yahoo finance: China’s investors find safe haven in American real estate Commercial real estate isn’t the only type of property seeing large inflows of Chinese money. The country’s investors have also been active in the residential realty. They bought $28.6 billion in American residences, accounting for 28% of all foreign purchases by dollar volume,… Continue reading China’s investors find safe haven in American real estate