Why is gold at a record high price?
Southern California News Group |
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"Bubble Watch" ponders what's frightening, and what isn't, in local real estate and the region's economy. | | What is gold, investors' purported safe haven in tough times, doing at record high prices? Look at the chart above and then ponder this STORY HERE explaining what gold might be telling us. And it's not the only warning signal ... LOCAL PROPERTY CONCERNS | Home-price gains in Los Angeles and Orange counties ran 3.7% over the past 12 months, by one benchmark's math. But Case-Shiller index shows that gain is only average on a national scale. READ MORE |
The Viceroy L’Ermitage Beverly Hills boutique hotel could be yours. Just contact the U.S. government. They're selling the 116-room property to settle debts of a fraud. READ MORE |
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OVERALL ECONOMY, TOO | The resurgence of coronavirus has made shoppers antsy. One consumer confidence index shows California optimism at 7-year low. READ MORE |
And the pandemic is pounding California payrolls. Jobless claims statewide have climbed back to the worst levels in nearly 3 months. READ MORE |
| ... BUT REAL ESTATE JOBS ARE BACK! | Look at how the recovery in employment in construction, financing, supplies, selling and building servicing breaks down locally ... |
LA County: Still down 13,800 vs. February. READ MORE |
Orange County: Back to 97% of pre-pandemic staffing. READ MORE |
Inland Empire: Loss of 3,200 since February vs. down 153,000 in all other industries. READ MORE |
| How bubbly? |
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High: California consumer confidence at 7-year low. | |
Some: California jobless claims at 3-month high. | |
Low: All but 3% of OC real estate jobs have returned | |
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