Nearly a Quarter of All Homes in China Are Vacant
Over two thirds of all homes sold in China so far in 2018 are second and third homes
Rick Santelli: Markets Got Carried Away with Borrowed Dollars
“Too many borrowed dollars have found their way into markets where the old trades don’t seem to work as good as the new trades”
Map of the Day: The Rise and Fall of the Hapsburg Dynasty
The Hapsburgs came to dominate the Holy Roman Empire, the Duchy of Burgundy, and the Spanish Empire for hundreds of years
Image of the Day: Soldier in the “Ice City” During WWI
The fortress built into Marmolada’s glacier in the Dolomite Mountains
Stanley Druckenmiller: There Is No Hurdle Rate for Investment
“‘I’ve always thought that part of Capitalism was you’ve got to have a hurdle rate to investment”
El-Erian: 50% Chance of a European Recession in 2019
“Is it the US that’s pulled down by the gravity of the rest of the world or does Europe get its act together and join the US?”
How Deadly Was World War I?
“90 percent of the mobilized army under the Austria-Hungarian empire became causalities”
Ed Hyman: US Recession Still Years Away
“I think it will slow next year to something like 2.25% and then it will just keep going”
Map of the Day: The Colors of Food Security
“Humans have converted ~12% of the earth’s ice-free land surface area to grow crops, fuel, and fiber, and ~22% for grazing”
Image of the Day: Logging in Michigan, 1908
Logging in Northern Michigan, 1908