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If you were to read only one thing… NYT - How Homeownership Became the Engine of American Inequality - Matthew Desmond 5/9 * "There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller. The average homeowner boasts
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Worthy Insights / Opinion Pieces / Advice FT - Puerto Rico: island of despair - Lex 5/4 Scientific American - High Ground Is Becoming Hot Property as Sea Level Rises - Erika Bolstad 5/1 * "One of the great ironies of those historic housing patterns in Miami is that for decades under Jim Crow,
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Worthy Insights / Opinion Pieces / Advice FT - Venezuela's broken system cannot fix itself - Daniel Lansberg-Rodriguez 4/23 FT - Silicon Valley 'superstars' risk a populist backlash - Rana Foroohar 4/23 * "…a spate of research shows that it is not trade or rapacious bankers but technology that
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China FT - Beijing's migrants no longer welcome as city caps population - Lucy Hornby 4/19 * "Beijing has announced plans to combat what it calls 'urban diseases' by capping its population and shrinking its footprint, wreaking havoc on the small businesses and migrants that throng its
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Worthy Insights / Opinion Pieces / Advice * Mauldin Economics - The Influence of Affluence - Marc Faber 4/12 Markets / Economy WSJ - Inflation Is Back, But Don't Worry - Steven Russolillo 4/12 * "Good news: Inflation just topped a key milestone. Even better news: It doesn't look poised to zoom
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Perspective Economist - Free exchange: How Chavez and Maduro have impoverished Venezuela 4/6 "It is hard to convey the severity of Venezuela's unfolding crisis. Its extent is astounding: the economy shrank by 10% last year, and will be 23% smaller than in 2013 by the end of
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Toronto housing market – heads up, your peak has been called. Sometimes money just needs a home (in a foreign country). First, Happy St. Patrick's Day! Headlines FT - China tries to restrict access to foreign children's books 3/10. Hearts and minds. Bloomberg - Saudi Arabia Says It
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Venezuela having difficulties meeting its oil delivery commitments. REITs backing away from apartments. Chinese companies lending to the tune of $2tn where bankers have pulled back. Headlines FT - Alphabet opts to spell out its stock options 2/9. Google recently let slip that it will be treating stock based pay
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There is a lot of money sloshing around between football (soccer) teams to trade players. Chinese football club worth more than AC Milan? Bad credit – no problem. Headlines FT - Rock-bottom rates squeeze German lenders 2/1. Interest rate sensitive German lenders continue to be squeezed by low-to-negative
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Saudi Arabia looking for savings where it can find them. Headlines FT - Venezuela's president raises minimum wage 50% 1/8. Despite minimum salary raises of 322% since February of 2016, Venezuelan workers now earn about $60 a month on the legal exchange rate or $12 a month at
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China insurance crackdown – meaningful implications. Fewer and fewer U.S. public companies. Headlines * FT – India takes stock after first phase of cash crunch 1/1. Despite the chaos of the demonetization, citizens and politicians are giving Indian prime minister Narendra Modi a long leash because they agree with the aims
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China no longer the largest US creditor – Japan is again. China capital outflows, have you looked at the bank loans? Brazil’s Odebrecht just got served the FCPA’s largest settlement. Happy Holidays! Headlines * FT - Ferocious competition roils private equity market 12/17. Deal volume is down, acquisition multiples are