Most mobile phoones are made overseas, thus it is refreshing to see Google's Motorola decide to manufacture these in the USA.
Even delightful to see the 2,000 jobs coming to Fort Worth, Texas a city where I once ran for mayor.
Housing and Senior Care Market
Residential Real Estate Analysis
Timothy Sullivan, Principal at Meyers, LLC, spoke at the Sims Conference about “Looking Deep into the Evolving Residential Real Estate Markets”. His message has three overarching themes:
- The economy and housing are improving.
- The “Senior Space” has upside.
- Be bullish on real estate long term.
Housing Market Conditions
The recovery is gaining momentum. Excess supply is being sold while new construction has been minimal over the last five years. Job growth is rising, and housing vacancies are being filled. The next step is for demand to exceed supply. Then, rents and home prices will rise. Construction will return to normal, which in turn will accelerate job growth.
Job growth and housing permits are already booming in some cities. Job growth in Austin tripled and housing permits doubled in 2012 compared to 2011. In Phoenix, job losses in 2011 turned to job gains in 2012 while housing permits doubled. In Orlando, jobs grew in both 2011 and 2012 while housing permits doubled.
In 2012, prices rose the most in the following markets:
New Home Sales Rising, Orders for Durable Goods Rising
New home sales rose 2.3% in April to a seasonally adjusted annual rate of 454,000 units from a rate of 444,000 units in March. On a year-over-year basis, new home sales were 29% higher than April 2012. At the current sales pace, there is a 4.1-month supply of new homes on the market.
Retail sales rose 0.2% for the week ending May 18, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3.1%.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending May 17 fell 9.8%. Purchase volume fell 3%. Refinancing applications decreased 12%.
Japan's Currency Decline, China, USA Banking, and Gold
Gold Falling Rapidly
Gold plunged recently to its lowest level in over two years. This reflected all kinds of commodities.
There were explanations including “China’s poor economy”, “Japan’s monetary-policy” , Cyprus planning to sell it’s gold and the rising American Stock-Market.
Gold for June delivery, lost over $140 an ounce to trade well below $1,400, and dropped 5% earlier. Gold is 29% below its record high in September 2011.
Spot-gold, which is for April delivery, also tumbled -- dropping $140.40, or 9.3%, to settle at $1,360.60. That was the biggest drop since Jan. 22, 1980.
China:The world's second-biggest economy grew at a 7.7% annual rate, which was weaker than the 8% most economists were expecting.
Japan’s weak Yen has driven thousands to sell their gold.
Other metals including silver, copper and platinum were also weaker, and oil lost more than 3%.
Related: New markets milestones in sight
Investors have been making more money in stocks, abandoning gold as equity markets in the
United States are at all-time highs.
Last week investors sold $1 billion out of the SPDR Gold ETF. So far this year, they've pulled nearly $10 billion out of the $55 billion fund.
Goldman-Sachs and Deutsche Bank both downgraded their forecasts for gold prices, mainly because the U.S. economy appears to be in recovery.
Trends in Oil, Gas and Coal
GUNS AND ECONOMIC TRENDS
These are interesting times. GUNS AND ECONOMIC TRENDS
GUN OWNERSHIP:

The gun controversy brings up deep-rooted cultural differences. I have studied and thought and spoken to people throughout the nation. I have yet to find an elected politician who says they want to "take sports guns" or personal weapons from us. They, as do a vast majority of Americans, think that "military type assault weapons,machine guns and sniper rifles" should be monitored with preference for the police and our soldiers use. Now if that is what the American people want, and what most politicians want, what is the problem, this is a democracy isn't it? The problem, is as usual, a few radical ideologues.
A Muslim Pluralist, Celebrates Easter
They would argue: To be a Muslim, one has to believe in Christ, the one who brings life to the dead, the one who has the healing powers, and one who is likened to the Morning star that brings the good news. He will come back as the Messiah to close the chapter of human suffering and bring salvation to mankind by reconnecting them with God.
However, the insecure Christians and Muslims make a villain out of Jesus, "Yeah, he will come as Muhammad and slaughter every one and convert them to Islam." On the other hand Muslims believe, "Yeah, he will come back and establish peace (Islam) on earth by forbidding evil and enjoining the good." Shamefully those few on both sides are projecting Jesus in a political context.
Jesus is indeed a unifier and will herd us all towards the elusive kingdom of heaven, where we will live an eternal life free from anxieties, fears and disappointments. The Muslim expression for such life comes from surrendering to the will of God.
CYPRUS, EXAMPLE OF FREE ECONOMIC SYSTEM WITH LITTLE REGULATION
NICOSIA, CYPRUS ECONOMIC HUB, WAS CONSIDERED ONE OFTHE WORLD’S AFFLUENT CITIES
A Message from Ben Boothe

Dear friends,
Global Perspectives is a newsletter that has been published and sent to VIP’s for several years. It goes to political leaders, corporate heads, government officials, academia, and movers & shakers throughout the world.
The first few years, it was published and mailed, but we have moved over to internet communications. We are building our list, and invite you to send the names of influential and enlightened people who enjoy exchange of global ideas.
As your ideas and information come to us, we glean them and then summarize important events or information for our “global family” of readers to enjoy.
Thus, we are a family, all around the world. We welcome you to "Global Perspectives".
Ben B. Boothe
President of Ben Boothe and Associates, Inc.
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