The Independent had a lot to say about the UK real estate market today. The front cover paints a gloomy picture about the capacity of young people to purchase their own homes, and several further articles speculate about whether people should even want to buy houses at all. Irrespective of their differing points of view, they all contain one common premise: that real estate matters. This is the key to the puzzle of the real estate market in the UK – the time to buy will arrive when people just don’t care one way or the other. My hunch is that this scenario is at least few years away…

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An update of the daily treasury statement charts for 31/5/11:

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Jim Grant & James Turk talk about gold, money, the history of money and much more. A truly fantastic video, I strongly suggest that you watch it in its entirety.

 


James Grant and James Turk discuss gold, the Fed and the US economy