U.S New home sales soared 18,9% which is the biggest jump since January 1992

Investors didn`t expect much from the housing market this time, but they were all surprised by the numbers coming out. They expected a 1,1% decline but new home sales soared 18,9% MoM last month. Wow. This is the biggest jump since January 1992.

An annual rate of 667 000 in September of 2017 beats market expectations. It is the highest value since October of 2007 and the largest percentage gain since January of 1992. YoY, new home sales increased 17 percent. What`s going on here?

(Click on the picture to enlarge)

 

The median sales price of new houses sold were $319,700 which is higher than last years $314,800. The average sales price was $385,200 which is higher than last years $366,100 in September of 2016.

Sales rose the most in the South by 25,8 percent to 405 000. The West rose by 2,9 percent to 141 000. The Mideast rose by 10,6 percent to 73 000, and the Northeast rose by 33,3 percent to 48 000.

YoY, new home sales increased by 17 percent, and the stock of new houses for sale was flat at 279 000, and this represents a supply of 5 months at the current sales rate.

It`s a big jump thanks to Hurricane Harvey and Irma.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Foot traffic is declining and Black Friday can be much bigger than Cyber Monday in online sales

You have to wake up before it is too late. Black Friday is not what is used to be. Only a few years ago retailers were crowded with crazy people looking for a great deal. People still get great deals but some of them have already changed their behaviour.

According to Shoppertrak, foot traffic to U.S stores has fallen each year on Black Friday. We can clearly see a shift in the market, and reasons are many.

 

 

You can see it happening right in front of your eyes. Right now. Retailers are struggling and I have talked about if for years. Worst of all; this is just the beginning, and it is understandable. It is a natural thing.

Retailer chains said they will close about 7,000 stores and many of them are filing for bankruptcy. Many of them have too much debt and too many shops in the chain. On top of that we know that consumers wants to buy online.

Online retail activity are ten times bigger today than it was in 2004, and last year, on-line sales on Black Friday was around $2 billion, according to ComScore. Salesforce predicts Black Friday will be much bigger than Cyber Monday in online sales.

I take all the research on Black Friday as a pinch of salt, because retailers are destroying the day by starting the sale a week before the big day. Some call it Black Week, some call it Black Weekend and that will weaken the most important day Black Friday. That too makes the measure of the day a bit wrong. Black Friday is not only on Friday but sometimes for a whole week.

So, if you missed out on your shopping on Black Friday you still have the change to make a great deal on Cyber Monday.

The deals have already started and you can now buy for a discounted price at stores like Walmart, Amazon, Best Buy or Target. Cyber Monday is the online equivalent to Black Friday and the start is early on Monday November 27, 2017.

This is the day you can get deep discounts on Samsung, LG, Sharp, HP and Dell. You can also get a cheap PS4 slim and Xbox One S, Nintendo and iPhone X to name a few. It remains to see Cyber Monday exceeds Black Friday in on-line sales.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The war in Bosnia and Herzegovina came about as a result of the breakup of the Communist Party Socialist Federal Republic of Yugoslavia

Euro Zone is a Danger Zone. It has always been like that and seems like it won`t be any better. 1995 is not long time ago. It sounds like a movie when we hear the story about Bosnian town of Srebrenica were 8,000 muslim were murdered and buried in mass graves.

And worst of all; A military commander is behind the worst atrocity since World War II. The UN Hague tribunal sentenced former Bosnian Serb military commander Ratko Mladic to life in prison for genocide and other crimes. This is unbelievable.

 

The conflict in Bosnia and Herzegovina resulted in a mass grave with about 100,000 people, and that is a huge crime against the humanity. The court also convicted Mladic (74) for violating the rules of war. The crimes wouldn`t be committed as they were, the court said.

“The crimes committed were among the most heinous known to human kind,” Judge Alphons Orie said at the International Criminal Tribunal on Wednesday.

Mladic is not alone. Former Bosnian Serb leader Radovan Karadzic is another one with war-crimes and the potential for reigniting disputes remains high.

This is all about the nations that emerged from Yugoslavia with ethnic lines by five wars. They tried to increase regional cooperation with the goal of following other ex-Communist nations into the European Union.

Bosnia-Herzegovina were annexed by pro-Hitler Croatian puppet state in 1941. Thousands of Serbs, Jews and Gypsies were sent to death camps.

From 1945 – 1991, Bosnia is part of Socialist Federal Republic of Yugoslavia (SFRY).

SFRY was the Yugoslav state in southeastern Europe that existed from its foundation in the aftermath of World War II until its dissolution in 1992 amid the Yugoslav Wars.

It was a socialist state and a federation governed by the League of Communists of Yugoslavia made up of six socialist republics: Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, and Slovenia with Belgrade as its capital. In addition; it included two autonomous provinces within Serbia: Kosovo and Vojvodina.

The SFRY tracks back to 26 November 1942 when the Anti-Fascist Council for the National Liberation of Yugoslavia was formed during World War II. On 29 November 1945, the Federal People`s Republic of Yugoslavia was proclaimed after the disposal of King Peter II thus ending the monarchy.

The new communist government originally sided with the Eastern bloc under the leadership of Josip Broz Tito at the beginning of the Cold War, but the SFRY pursued a policy of neutrality after the Tito-Stalin split of 1948, and it became one of the founding members of the Non-Aligned Movement.

Following the death of Tito on 4 May 1980, rising ethnic nationalism in the late 1980`s led do dissidence among the multiple ethnicities within the constituent republics. With the collapse of communism in Eastern Europe, inter-republic talks on transformation of the federation also failed and led to recognition of their independency by some European states in 1991.

This led to the federation collapsing along federal borders, followed by the start of the Yugoslav Wars and the final downfall and breakup of the federation on 27 April 1992.

Two of its republics, Serbia and Montenegro, remained within the reconstituted Federal Republic of Yugoslavia, but the union was not recognized internationally as the official successor state to the SFRY.

Following a number of violent incidents in early 1992, the war is commonly viewed as having started on 6 April 1992. The same day that the United States and European Economic Community (EEC) recognised Bosnia and Herzegovina. (There is debate over the start of the Bosnian War).

The war in Bosnia and Herzegovina came about as a result of the breakup of the Socialist Federal Republic of Yugoslavia.

Following the collapse of Communism in 1991, nationalists win first multiparty elections and form coalition.

A crisis emerged in Yugoslavia as a result of the weakening of the confederation system at the end of the Cold War. In Yugoslavia, the national communist party, the League of Communists of Yugoslavia, was losing its ideological potency.

Meanwhile, ethnic nationalism experienced a renaissance in the 1980`s after violence broke out in Kosovo, while the goal of Serbian nationalists was the centralisation of Yugoslavia, other nationalities in Yugoslavia aspired to the federalization and the decentralisation of the state.

Bosnia and Herzegovina is a former Ottoman province and has historically been a multi-ethnic state.

The war was part of the breakup of Yugoslavia, following the Slovenian and Croatian secessions from the Socialist Federal Republic of Yugoslavia in 1991, the multi-ethnic Socialist Republic of Bosnia and Herzegovina.

This was rejected by the political representatives of the Bosnian Serbs, who had boycotted the referendum. Following Bosnia and Herzegovinas declaration of independence (which gained international recognition), the Bosnian Serbs, led by Radovan Karadzic and supported by the Serbian government of Slobodan Milosevic and the Yugoslav Peoples Arma (JNA), mobilised their forces inside Bosnia and Herzegovina in order to secure ethnic Serb territory, then war soon spread across the country, accompanied by ethnic cleansing.

Events such as the Siege of Sarajevo and the Srebrenica massacre later became iconic of the conflict.

2,2 million were displaced. 20,000 women were raped, and 100,000 killed during the war.

People with inside information said Serbia waged war in Bosnia. Serbian strongman was Slobodan Milosevic who died in 2006. Mladic was arrested 15 years after he went into hiding following the fall of Slobodan Milosevic.

Bosnia-Herzegovina is deeply divided nations with three truths about the same war. Bosnia is one of the poorest nations in Europe and three ethnic groups are making them a crippled state with a complicated power structure.

They are also divided by religion were Bosnia is home to 3,517 million people were 50% of them are muslims, 31% Serbs and 15% Croats.

Pakistan defied the UN`s ban on supply of arms and airlifted missiles to the Bosnians Muslims, while after the Srebrenica and Markale massacres, NATO intervened in 1995 with Operation Deliberate Force targeting the positions of the Army of the republica Srpska, which proved key in ending the war.

The war brought to an end after the signing of the General Framework Agreement for Peace in Bosnia and Herzegovina in Paris on 14 December 1995.

This is the most devastating conflict in Europe since the end of World War II.

Is it over now? Why do some people talk about a silent civil war in Europe right now?

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Robert Mugabe resigned as President after a military takeover and his successor will be former Vice President Emmerson Mnangagwa

Zimbabwe has been a disaster for a long time now. People are suffering and most of them want a change. I have a few friends from Zimbabwe who are born there and they have told me a lot of inside information about the country.

I also have some friends who have been running businesses over there and that has been a bad choice so far. Who is it to blame on? 93 years old President Robert Mugabe who has been ruling the country for about 37 years.

The big crisis began on November 6 when Mugabe fired Mnangagwa as Vice President in an apparent attempt to clear a path for his 52 years old wife, Grace Mugabe, to succeed him. Mugabe started to lose his grip on power.

Zimbabwe`s top generals launched what amounted to a military coup, placing the veteran leader under house arrest.

Robert Mugabe resigned as a President after a military takeover and the humiliation of impeachment. Mugabe`s successor will be former Vice President Emmerson Mnangagwa. A long-awaited change that people in Zimbabwe are celebrating at the moment.

Mnangagwa is nicknamed “the crocodile” for his political cunning and longevity. He has been accused of orchestrating a string of massacre in the early 80s to consolidate Mugabes power, when he served as the leader`s spy chief.

The violence left up 20,000 dead, mostly supporters of Mugabe`s political opponents, but Mnangagwa denies the allegations.

Many historic things are happening in the world right now and this is one of them. A historic day for Zimbabwe that began when the countrys military leaders staged an unprecedented intervention to prevent the ascent to power of Mugabes wife, Grace.

At the beginning it looked like a coup, but now it seems like a popular revolt. People in Zimbabwe has been suppressed for a long time and today is a historic day for them. A new day. Hopefully for a better future for them all.

Robert Mugabe wrote in a letter “I have resigned to allow smooth transfer of power. Kindly give public notice of my decision as soon as possible.”

Southern Rhodesia was used as a name until 18 April 1980, when the name Rebublic of Zimbabwe was formally proclaimed. The colonial history of Southern Rhodesia lasted from the British governments establishment of the government of Southern Rhodesia on 1 October 1923, to Prime Minister Ian Smiths unilateral declaration of independence in 1965.

Following the Lancaster House Agreement of 1979 there was a transition to internationally recognized majority rule in 1980; the United Kingdom ceremonially granted Zimbabwe independence on 18 April that year.

In the 2000s Zimbabwes economy began to deteriorate due to various factors, including, the imposition of sanctions, such as among others the Zimbabwe Democracy and Economy Recovery Act of 2001, following the switch from Willing Buyer, Willing Seller to Fast Track land reform and also due to intensive economic corruption.

Theresa May said Mugabe`s resignation provided the country “with an opportunity to forge a new path free of the oppression that characterized his rule.”

Mugabe came to power as a freedom fighter and people looked at him as their own Nelson Mandela, but he ended up being a despot. His hardline policies pushed Zimbabwe into poverty.

Its flourishing economy began to disintegrate after a program of land seizures from white farmers, and agricultural output plummeted and inflation soared.

I wrote about it in an article from march 29, last year. The headline was “Sell your shares in Zimbabwe before April 1.”

It all started in year 2000, when Mugabe changed his economic policy and implemented land reform. Mugabe granted farmland owned by white citizens to indigenous black Zimbabweans. They turned from an agriculture exporter to an importer, which resulted in 94 percent unemployment rate and hyperinflation.

Mugabe also wanted to take over all diamond operations. He eager to nationalize Zimbabwe`s diamond industry, and news from Zimbabwe leaves little to be desired about the small former British colony.

Last year Mugabe said the country`s wealth had been looted by the existing miners.

“The state will now own all the diamonds in the country. Companies that have been mining diamonds have robbed us of our wealth. That is why we have now said the state must have a monopoly,” Robert Mugabe said in an interview with the state broadcaster in February last year.

Foreign investors were warned about their investments. Sell your shares to blacks or close before April 1st, was the message.

Companies owned by foreigners face closure unless they sell or give up 51% of their shares to black Zimbabweans by April 1, said indigenization Minister Patrick Zhuwao last year.

Mugabe also said this last year: “If white settlers just took the land from us without paying for it, we can, in a similar way, just take it from them without paying for it.”

 

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Chinese President Xi Jinping said President Donald Trump`s state visit is a successful and historic visit

President Donald Trump visited Asia and China last week, and what a visit it was. We all know that Mr Trump want to Make America great again, but the relationship between China and America will not only Make America great again, but also the world.

China treated Mr Trump like a pop star with red carpets, military bands, a goose-steppping honor guard of soldiers and a twenty-one gun salute to name a few. Kids were jumping up and down with American flags as Trump`s motorcade passed. They also dined with Chinese president Xi Jinping in the Forbidden City.

Mr Trump is the first foreign leader accorded that honor since the founding of the Peoples Republic in 1949. Wow!

Xi Jinping said at the end of his speech that Trump`s state visit is a successful and historic visit. What did they do?

President Donald Trump is a business man. He colaborates with a lot of business people in China and have negotiated with Chinese businesses for a long time, so he know this game. In addition; he is a great negotiator.

Before he was leaving China, he and Xi Jinping announced business deals worth $250 billion. This deal is by many called Trump “miracle” deals.

Mr Trump is trying to correct the $350 billion trade deficit between China and the U.S, and he is on the way.

President Trump withdrew the United States from the Trans Pacific Partnership (TPP) in January this year and called it a bad deal. It seems like Mr Trump is trying to make a better deal and he is doing it for the American people.

They try to better protect labor and intellectual property rights. One TPP chapter spelled out commitments on environmental issues such as illegal wildlife trade and marine fishery protection.

Many of the other countries were not enthusiastic about the intellectual property rights and labor clauses in the original TPP agreement, because it tended to favor U.S interests.

Washington pushed for the labor, environmental and intellectual property commitments to save its own companies. Workers get paid more and treated better on average in the U.S compared to developing countries on the TPP roster.

They`re required to follow environmental laws at home, and American courts protect their trademarks, patents and copyrights. If equivalent firms in other countries avoid these practices, they can cut costs, or snag an outside trademark without paying.

This is very important for Mr Trump and the White House, and they will probably be patient and continue with its meetings regarding the best agreement possible. In the meantime, the other countries will continue its agreement without the U.S.

Mr Trump is the first foreign diplomat to be given a rare tour and private dinner in the Forbidden City since the People`s Republic of China was founded in 1949.

Donald and Melania Trump shared an afternoon tea with Xi Jinping and his wife Peng Liyuan at the Forbidden Palace Hall, and it was intentionally chosen for its historical and cultural significance that underscores cooperation between the two countries.

Mr Trump is doing everything he can to make America great again. Since he was elected a year ago, the stock market have gone straight up. Up, up, up and up. The stock market is up in all months so far this year, and that hasn`t happened in many decades. It is unbelievable.

People in America is also beginning to be very positive about the U.S economy. Consumer Confidence has gone straight up in months after months. That too, is unbelievable.

If Trumpism is the policies advocated by Donald Trump, especially those involving a rejection of the current political establishment and the vigorous pursuit of American national interests, and a controversial or outrageous statement attributed to Donald Trump, this is what it is;

TRUMPISM.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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