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Economics And Finance

Robot Reality Check: They Create Wealth—And Jobs (#GotBitcoin?)

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Robots may be coming for our jobs. But a growing body of evidence suggests that workers have everything to gain from welcoming them. Robot Reality Check: They Create Wealth—And Jobs Economists say automation is the key to next boom, and the U.S. is falling behind. The more robots a country has,…

Housing Slowdown Unnerves The Fix-and-Flip Crowd (#GotBitcoin)

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Fewer than 46,000 single-family houses and condos were flipped in the third quarter, the smallest number in three-and-a-half years. Housing Slowdown Unnerves The Fix-and-Flip Crowd (#GotBitcoin) The pace of real-estate speculation is slowing, a sign of the darkening outlook in the U.S. housing market. Small-time investors who flooded into real…

The Market’s Latest Problem: Hesitation To Buy The Dip (#GotBitcoin?)

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The diminishing lure of discounted stocks is the latest sign that investors are approaching selloffs with more caution. An investor trend that has helped buoy stocks over most of the past decade is showing signs of breaking down. For the first time since the dot-com era, investors are cautious about…

Bear Markets March Across the Globe (#GotBitcoin?)

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Germany’s DAX index is the latest stock market to have more than 20% erased from its high. In a sign of the breadth of the global selloff in stocks, Germany’s main stock index fell into a bear market Thursday, the latest benchmark to have tumbled 20% or more from its…

Rioters In Paris Teach Americans How To Stand-up Against Government Over-Reach (#GotBitcoin?)

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Paris citizens stand-up and riot against government over-reach. Government to increase price of fuel by about 30 cents per gallon and also saying it will continue to rise over the next few years. Gas already costs about $7.06 per gallon in France. Grass-roots movement ‘gilets jaunes’ led violent protests in…

Amazon And Bitcoin Provide Americans With Opportunity To Go Cashless And Cashierless (#GotBitcoin?)

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Amazon Go is a chain of grocery stores operated by the online retailer Amazon, with three locations in Seattle, Washington, three in Chicago, Illinois, and one in San Francisco, California. Amazon And Bitcoin Provide Americans With Opportunity To Go Cashless And Cashierless (#GotBitcoin?) The stores are partially-automated, with customers able…

Trump Administration To Try Again To Fulfill Infrastructure Pledge (#GotBitcoin?)

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The Trump administration is preparing to make another attempt at honoring one of the biggest unfulfilled promises of the president’s election campaign: a $1 trillion upgrade of the nation’s road, rail and energy infrastructure. Trump Administration To Try Again To Fulfill Infrastructure Pledge (#GotBitcoin?) Any deal likely will have to…

OK House, Exactly How Smart Are You?

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Proposed regulations would allow the majority of homes to be bought and sold without being appraised by a human. OK House, Exactly How Smart Are You?   Top-Down Aerial Shot Of Suburban Tract Housing Near Santa Clarita, Calif. Proposed Regulations Would Enable Property Valuations Based On Computer Algorithms.[embed]https://www.youtube.com/watch?v=KenTHDXz_rI&list=PLU1KxUVqGmaP91T18P8lNQLeDzW6hoxvH[/embed] The battle…

Borrowers Are Tapping Their Homes For Cash, As Rates Rise And Fall (#GotBitcoin?)

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The trend is a sign of an economy that has sharply pushed up home prices but left paychecks growing much more slowly. Borrowers Are Tapping Their Homes for Cash, Even As Rates Rise (#GotBitcoin?) Rising mortgage rates are crushing much of the refinancing market. But Americans are still using refis…

The U.S. Housing Boom Is Coming To An End, Starting In Dallas (#GotBitcoin?)

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Empty Lots And Newly Built Homes In The Edgestone At Legacy Development In Frisco, Texas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. A half-hour drive straight north from downtown Dallas sits one of the fastest-growing counties in the country. Cotton fields have…

Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)

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The failure of so many investment strategies is viewed by some as a warning of what could come following years of above-average returns. Stocks, bonds and commodities from copper to crude oil to burlap are staging a rare simultaneous retreat, putting global markets on track for one of their worst…

‘I Can Be the Bank’: Individual Investors Buy Busted Mortgages (#GotBitcoin?)

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A decade after the housing crisis, new risk takers invest in nonperforming loans—often written off by banks—and push the borrowers to start paying on them again. Sándor Lau, once a filmmaker, found his calling on YouTube when he came across instructional videos about how to buy seemingly worthless home loans.…