by Mish

In June I announced It’s time to shift the arrow on the basis of Time Magazine going gaga over real estate.

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In December I wrote that It’s Too Late.

When you see stuff like this, not only is it too late, it’s way too late.

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I am pleased to announce that we have moved the arrow once again.

The current picture looks something like this.

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Mike Shedlock / Mish/

GDPNow vs. Nowcast Update

Both the Atlanta Fed and New York Fed updated their GDP model forecasts today. There was little change in either.

Rate Hike Cycles vs. the US Dollar: Rate Hikes Bad for Gold?

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other.

Median Price-to-Revenue Ratio Higher in All Deciles vs 2007, 90% vs Dot-Com Bubble: THE Choice

John Hussman’s report this week, Estimating Market Losses at a Speculative Extreme, has an interesting chart on Median price-to revenue ratios over time. Let’s dive in.

Ritholtz on Gold and on Making Predictions; How Secular Bull Markets End; Winning vs. Investing

Inquiring minds may be interested in this flashback from Barry Ritholtz originally written published June 2005 and republished March 27th, 2011 on The Folly of Forecasting.

Housing Bubble Comparison: US, UK, Canada, Spain, Australia, Japan

The Economist has a fantastic interactive graphic of housing bubbles over time, shown below. It may take a while to load.

Divorce Proceedings Begin March 29: Brexit Debate, Mish vs Financial Times

The UK announced it would file Article 50 on March 29. At that time, control over the timing and structure of negotiations goes to the EU.

Japan Expects Driverless Taxis by 2020; UK Testing Fleets of Driverless Trucks.

Driverless taxis, driverless trucks, and totally unstaffed grocery stores are in the news. In the “already here” category, Sweden boasts the first unstaffed grocery store. In the UK, fleet testing of driverless trucks begins in 2017. In Japan, 2020 is the deadline date for driverless taxis.

Miami Condo Prepares Landing Pad for Flying Cars

In what's likely to be some sort of marketing ploy, a condo development in Miami is making preparations for flying cars.

BitGold vs. SchiffGold: Facts vs. Fiction

In a recent article, Peter Schiff blasted Bitgold as being a “Secret Taxation Time Bomb“.