Good Reads
A Median New US Home Now Costs Less Than 100 Ounces of Gold
The US Census Bureau's July new-home report, released on August 25, put the median price of a newly built house at $393,800. HousingWire noted that was the lowest since July 2021. In dollars, the market has moved within a narrow band: the quarterly median has stayed between $408,500 and $435,400 since 2023. Priced in gold, it has not. Read on »
Dollar heads for fourth straight weekly gain versus euro
The dollar was on track for a fourth straight weekly gain against the euro on Friday, supported by elevated U.S. Treasury yields amid a selloff in European government bond markets and expectations the Federal Reserve will maintain its hawkish interest rate stance. Read on »
U.S. Strengths and Weaknesses in Production
As we move from the individual to the companies to countries, we get increasingly collectivist in our thinking, so beware. But with that caveat in mind, I present here a list of some relative strengths and weaknesses of the United States—as a giant collective—that stick out in my mind. Read on »
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