What’s going on? Iron ore price dropped to a 4-month low, as China decided to go green. What does this mean? Iron ore is a major component of steel, which is a major component of cars, buildings, and things that helps the world stay still. The recent price drop of iron ore might be largely…
Tag: housing
Ep 122: US home sales soar
What’s going on? US existing home sales hit a 14-year high in October. What does this mean? Demand Quantity: Sales of previously-owned US homes climbed by 4.3% YoY, bringing the annualized number of home sales to almost 7 million, which might have been even higher if the home supply weren’t at record lows Prices: are therefore…
with HT 