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Solari Update: U.S. Housing Markets with Zinnia Mukherjee

Solari Update: U.S. Housing Markets with Zinnia Mukherjee

"The strength of a nation derives from the integrity of the home."
~~ Confucius

By Catherine Austin Fitts

"Should I buy a home now?" That is a question I hear more often these days, as housing prices improve in North America and on other continents equally rocked by the fall in housing prices since 2006. One one hand, buyers are skittish about taking on more debt, local tax and insurance liabilities to fund an illiquid asset in an environment defined by uncertainty and volatility. On the other hand, real estate can seem more tangible than having money in financial assets. And, of course, the dream of home ownership is with us still despite the pain of recent years.

On Thursday, we will post my interview with Dr. Zinnia Mukherjee, who is a fellow at the American Institute of Economic Research and teaches at Connecticut College. Dr. Mukherjee has an excellent background for our discussion. Well versed in the environmental and financial aspects of places, she focuses on microeconomics - what it all means to you and me. She earned her undergraduate and masters degrees at the University of Calcutta and brings an understanding of global trade and the impact of financial capital flows and costs on our personal risks and choices.

We will be talking about the economics of home ownership - past, present and future - and why I believe that the economics of homeownership are changing in fundamental ways. Bottom line, the opportunity cost of buying, owning and maintaining a home is significant. This is a complex decision that can benefit from revisiting the basics and the changes underway.

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In Money & Markets this week I will discuss the events in the last two weeks, with a focus on the latest developments in the precious metals, equities and fixed income markets. I know you have lots of questions - keep posting your questions on the blog or on the webinar by Thursday night!

In Let's Go to the Movies, I will review Ken Burn and Lynn Novick's marvelous documentary about architect Frank Lloyd Wright, American Lives: Frank Lloyd Wright. The creator of many remarkable homes across the United States, Wright demonstrated throughout his career the power of intelligent design to contribute to the health and value of home. Wright's work underscores one of my favorite sayings - "beauty is necessary for survival!"

You can find the documentary streaming on Netflix, Hulu or Amazon Prime.

Talk to you Thursday!

From The Blog
June 27
U.S. Housing Markets with Zinnia Mukherjee

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"'You don't do that. You get cufflinks. You don't get $400 million in federal credit.' And they all looked up from their shoes and they looked at me as though I'm the dumbest woman in the planet. That's when I realized not only is what's been going on here unbelievably corrupt; it's not optimized. Because if you look at what the politicians were getting in exchange for $400 million they were not getting their money's worth. I mean, I'm telling you, they were not getting their money's worth."

Watch the video...

New stories posted on Wednesdays.

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"Hello everybody this is Jon Rappoport, this is the Solari Report for June 2013. Of course we have a gigantic story boom, boom boom boom, breaking in the press. The National Security Agency, Edward Snowden who has leaked information to the Guardian newspaper in England."

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Solari is Looking for Artists
Attention friends of Solari: The Solari Report team wants to support great work! We are looking for artists and photographers to contribute artwork and photos to be used on our website and mailings. Your name or company will be accredited at the bottom of each submission that we use. We are also looking for transcribers to transcribe our weekly reports! Please email us at artist@solari.com.

About The Solari Report
A live, weekly one-hour briefing with Catherine Austin Fitts and specialized experts, The Solari Report helps to navigate you through the shifting political and financial climates while building your wealth.

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Nothing in this Solari Update should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.

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