Categories
Chart Collectible

Chart:The Bull Market in Collectibles

Categories
Image

Meanwhile at the stock markets…

Categories
Realty

Real Estate-A great asset even in war?

Sinan Al Dulaimi, 43, works for the United Nations in Baghdad, where he has lived in the eastern Zayouna area since he was 14.

In a telephone interview on June 16, he described life in a 1,300-year-old capital with about 7 million people that has fallen from being one of the Arab world’s cultural hubs to a ghettoized city marred by bomb blasts and sectarian killings.

His neighborhood was established by former President Abdel Karim Qasim, who took power in a 1958 coup and gave 600-square-meter plots to army officers to build homes

“The situation in Baghdad is very bad. The entrance to the city closes at 10 p.m.; it used to close at 1 a.m. Curfew starts at midnight and ends at 5 a.m.

‘‘You can see huge lines of people outside banks trying to withdraw cash. Otherwise, the streets are mostly empty

‘‘We’ve stockpiled food. We’re all worried about food — cooking oil, rice, those basics — and prices are rising. Ten kilos of rice usually costs $10, now it costs more than $25.

‘‘I want to avoid car bombings, another reason I don’t leave my neighborhood. I do shopping here though it costs more – – five loaves of bread is $1 versus in the local market outside where $1 buys 10 loaves. Here, it’s about $14-15 per kilo of mutton, outside it’s $10.

‘‘Tap water isn’t healthy for cooking or drinking; we have to buy that, too.

‘‘Power only comes on for about 4-6 hours a day so I supplement with private generators. I pay, like, $250 a month for that. You can’t use ACs with private generators, just TVs, fridges, lights and air coolers.

‘‘There’s no electricity and there’s garbage everywhere, but house prices have been getting higher and higher. In my neighborhood, you can’t buy a house for less than $300,000 and that would be for a 150-square-meter house. For 600 square meters, it’s not less than $900,000, up to $1.2 million.

from Bloomberg

Categories
Tweets

If you have to ask someone

Categories
Links

Linkfest:June 18,2014

Some stuff that I am reading today morning:

RIL AGM:Investors hoping for clarity on telecom business (Mint)

Small, mid-cap fund assets swell (BS)

SEBI opens crowd funding window for startups (BL)

Argentina Vs Holdout Bondholders-The Epic Saga (Moneybeat)

Insider trading busted despite using disguised phrases (Dealbreaker)

5 brain flaws that make you a lousy investor (USAToday)

Warren Buffett on scorecards,investing and more (FarnamStreet)

A quarter of all companies may be involved in insider trading (DealBook)

Rules for Shorting (Ritholtz)

NGO Funding-Greenpeace (MediaCrooks)