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Will nation properties proceed their momentum within the Singapore marketplace for 2021 ?, Cash Information

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The land real estate market saw a strong recovery in the fourth quarter of 2020. At the time, we heard many market watchers speculating that land prices would soon be falling. It only took a while for the effects of Covid-19 to bite.

Well it hasn’t happened yet. and so far the demand has been relentlessly high. Case in point: the sale of a $ 128.8 million Good Class Bungalow (GCB) along Nassim Road in the first quarter of this year for a staggering price of $ 4,005 psf.

And barely two months have passed since then – and this record has been reported to have been broken. A GCB on Cluny Hill is in the early stages of a sale at $ 63.7 million or a potentially new record of $ 4,291 psf.

It’s breathtaking.

Great news if you are selling a landed home. But if you’re just trying to upgrade to a landed home now, take a deep breath. Sellers do not move away from asking prices. and the specter of new cooling measures is looming:

What is happening to the real estate scene in Singapore?

Edmund Tie mentioned in the Straits Times that properties landed for the first quarter of 2021 defeated unlanded counterparts for the quarter. This was a comparison of profitable and unprofitable transactions between the two (see their general conclusions in the article linked above).

To get an idea of ​​actual prices and volumes, we’ve looked at transactions across the island over the past 12 months:

Based on data from Square Foot Research, the total price psf was unchanged at 1,364 psf (up from $ 1,365 a year ago). What has increased is the number of transactions.

At the end of April 2021, there were 306 real estate transactions. This is the highest value we’ve seen in a while.

The low volume from April to July 2020 is due to the circuit breaker. This started on April 7, 2020 and ended on June 1, 2020. Note, however, that as of August 2020, land transactions have not fallen below 200 units for nine months.

We haven’t seen such transaction numbers between July 2017 and June 2018, shortly before new cooling measures were initiated:

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Single-family homes have seen the greatest revival since the breaker ended

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Single family homes have seen strong sales volumes since the breaker ended.

In March 2021 in particular, 46 transactions were carried out. This is the highest single-family home transaction volume in around 10 years, although the number fell to 34 over the next month.

Single-family home prices now average 1,372 psf, compared to $ 1,097 for the same time last year. This is an increase of around 25 percent.

Semi-detached houses also recorded the highest transaction volume in around 10 years and reached 98 transactions at the end of April 2021:

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Semi-detached house prices now average 1,280 psf, compared to 1,100 psf at the same time last year. This is an increase of around 16 percent.

Source: Square Foot Research

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Row houses did not see as dramatic revival compared to their other landed counterparts. At the end of April 2021, they hit 174 transactions while the average price dropped from $ 1,471 to $ 1,410 psf.

Overall, we can see that larger country houses (semi-D and detached) were the highlight of the year.

However, there is a large discrepancy between ownership and tenant land

Local agents warned that country house pickup was one-way. Some of them said that demand was almost entirely for condominiums, with leasehold plots showing rather poor sales.

We looked up at 99.co to see the price movement between property and lease (we used a different data source as that distinction between lease and property was not with Square Foot Research):

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As you can see, condominiums made up the bulk of transactions each month (this could also be due to the larger supply). Property price movements were largely unchanged, ranged from $ 1,441 to $ 1,465 psf over the course of the year. In the case of leased houses, however, prices have fallen by over 13.4 percent. from $ 1,128 in May (no transactions in April) to $ 977 in April 2021.

One of the realtors we spoke to pointed out that Sentosa Cove is helping:

“The problem is, the ABSD for foreigners is currently 20 percent, or about $ 840,000 in tax at an average price of $ 4.2 million. Foreigners find the prices in Sentosa Cove too high, and we Singaporeans all want property landed. “

ALSO READ: From an EU to a 999 year old country house: How I helped my clients realize their dream home

Other brokers pointed out that real estate buyers look for generational assets. A landed home is the final stop on the path to wealth development, and buyers often want it to last their descendants for generations to come. Leases, however good they are, cannot serve this purpose. Hence, it is unlikely that lease prices will rise again anytime soon.

This could be a silver lining for some readers. If you are looking for a landed home and you don’t mind leasing, you may not have to compete with too many others. Give us a call and we can help you find the best options.

Is the trend for country houses likely to continue?

As always, there is no such thing as a perfect crystal ball. However, the general consensus among analysts and brokers is that demand for land – other than new cooling measures – is unlikely to decrease. This is due to three main causes:

  • Afraid of new cooling measures
  • Lower interest rates
  • An investment in a safe haven

1. Fear of new cooling measures

At the moment we are in danger of taking new cooling measures. Some buyers (e.g., those looking to move into a country house while keeping and renting out their existing apartment) will now feel driven to action. before new credit restrictions or higher ABSD rates occur.

An increase in the volume of transactions – especially in the case of high-quality real estate such as land – is often seen as a red flag. For example, the last round of cool-down measures (July 2018) took place after real estate transactions exceeded 200 units for several months in a row.

While some may also say at this point that the current new measures are naturally affecting the number of views, it could actually be some form of cool-down measure that can slow things down.

2. Lower interest rates

Currently, home loan interest rates range from 1.2 to 1.3 percent per year. This is because the US is cutting interest rates domestically to stimulate its economy in a downturn. Covid-19 will have an after-effects for years due to the number of businesses closed and job losses.

Hence, it is likely that we will see low interest rates for a long time to come. As a reference, interest rates were last lowered in order to cope with the global financial crisis of 2007/08. Rates had not returned to normal until 2020 when the pandemic hit and sent them back down.

For some investors, an interest rate lower than the CPF risk-free rate of 2.5 percent is considered “free borrowing”.

3. An investment in a safe haven

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Similar to 2007/08, investors who have liquidated other assets – such as their equity portfolios – are not always keen to leave them with the bank. With interest rates bottoming out, they need to find something else to invest in.

While there are a number of alternatives (gold, pension funds, etc.), Singapore real estate is one of the most notable assets on this list. This is especially true for Singaporean investors who have learned – historically and culturally – to view real estate as part of retirement planning.

Country houses are seen as an ideal good as new condominiums and apartments are being built all the time. But actual houses are so rare (around five percent of the current housing stock) that there is never a supply problem.

But if all you want is a landed home for the space, there are alternatives

Don’t forget that there are also condos with lots, like the mansions in Normanton Park. Yes, they are not “real land”, they have maintenance fees, and they are mostly leases – but if you don’t focus on investment returns, is that really a major disadvantage?

These units still have the space you need with the added bonus of pools, gyms, 24/7 security, and all of the usual condominium perks.

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Some of the condos with lots at the moment are:

  • The veranda residence
  • Normanton Park
  • Clematis Park
  • Kent Ridge Hill residence
  • Park suites
  • Leedon Green

ALSO READ: Would you like to own a piece of Singapore’s history? Rare property for sale in Oxley

This article was first published in Stackedhomes.

This is your first have a look at Kim Kardashian on Celeb IOU

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It’s a Property Brothers and Keeping Up With the Kardashians Crossover!

Twin renovators Jonathan Scott and Drew Scott Start the return of Celebrity IOU with Kim Kardashian, Kris Jenner and Kendall Jenner giving something back to a special friend of the family. The HGTV season premiere, which airs June 21, focuses on the Kardashian-Jenner family building a “resort-style oasis” for Kris’ best friend Lisa who recently lost both her husband and mother, according to a press release. And yes, expect Kim K. to use power tools!

“Drew and I continue to be humble about how many of these great celebrities trust us to be part of their personal kindness,” said Jonathan. “You can’t wait to roll up your sleeves and make these new spaces a reality as soon as possible. The projects – and the fun – keep getting bigger.”

Fans can also look forward to seeing celebrities like Kevin Hart, Gwyneth Paltrow, Darren Criss, Ali Wong and LeAnn Rimes Gift loved ones renovations this season.

Bitcoin, Ethereum are attempting to get the week off to a constructive begin after wild falls

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A visual representation of digital currencies.

Yuriko Nakao | Getty Images

The crypto market rose faster on Monday after a week of hell that saw billions of dollars wiping the value of bitcoin and ether.

Bitcoin price rebounded above $ 38,000 on Monday after falling to less than $ 32,000 on Sunday. According to CoinDesk data, Bitcoin rose around 14.74% to $ 37,993.96 in the 24 hours to 11:25 a.m. ET. The market capitalization of the world’s most popular cryptocurrency was around USD 711.1 billion.

Ether, the world’s second most popular cryptocurrency, rose from less than $ 1,800 on Sunday to over $ 2,400 on Monday. According to CoinDesk, at 11:25 a.m. ET, the company was trading at $ 2,461.97 – an increase of 26.1% in 24 hours and a market cap of around $ 285.6 billion.

Dogecoin also showed signs of recovery in other countries: the price rose from 24 cents on Sunday to 34 cents on Monday.

By and large, the crypto market was a sea of ​​green on Monday, with only a few lesser-known coins in the past 24 hours.

The crypto sell-off last week came after authorities in China and the US tightened regulations and tax compliance on cryptocurrencies.

Chinese authorities on Friday called for stricter regulation of crypto mining and trading, and the U.S. Treasury Department announced on Thursday that it would require stricter compliance by crypto with the IRS.

Read more about cryptocurrencies from CNBC Pro

Bitcoin fell more than 30% on Wednesday to nearly $ 30,000, its lowest price since late January, according to Coin Metrics. The cryptocurrency peaked at $ 65,000 in April.

The sell-off was a major reversal in the cryptocurrency that seemed to be gaining traction among major Wall Street banks and public companies. However, this month Bitcoin was hit by a number of negative headlines from major influencers and regulators.

Tesla CEO Elon Musk, who fueled positive sentiment when his company announced in February that it had bought $ 1.5 billion worth of Bitcoin, took a blow earlier this month when he announced that the automaker had suspended the purchase of vehicles using the cryptocurrency for environmental reasons.

Musk then sent mixed messages about his position on Bitcoin, implying in a tweet that Tesla may have sold its holdings, only to clarify later that it did not.

“The asset class remains very volatile, with the potential for significant price movements resulting from a single tweet or public comment,” said CIBC analyst Stephanie Price in a statement on Thursday.

A JPMorgan report showed that large institutional investors ditched Bitcoin in favor of gold, raising questions about institutional support for the cryptocurrency.

– Additional coverage from CNBC’s Hannah Miao.

The right way to prepare as a runner

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Too often, runners try to improve by focusing solely on their running. You are attempting a faster workout, higher mileage, faster overall pace, or more frequent workouts. This approach can lead to injury as more exercise is inherently risky. (We don’t call them “overuse injuries” for nothing!) Instead, if runners focus on their ability to exercise more, they can eventually run more.

Capacity building training improves your ability to exercise even more, whether that means more volume, more intensity, or both. And the best way to improve your ability to run more is weight training.

A consistent strength program has many benefits for endurance runners:

  • Faster end times, because you recruit more muscle fibers and therefore run more powerfully.
  • Less injuries from overuse, because strength work improves the durability of your muscles, connective tissues and joints.
  • Better running economy, because you are better coordinated.

In fact, strength training is so important to runners that it shouldn’t be considered cross-training – it’s part of the training that all runners must complete if their goal is to achieve their true potential.

But how do you start if you’re a runner who’s intimidated by the gym or has never done strength training?

It is important to keep the principle of progress in mind.

If you are new to weight training, where do I start?

Most runners understand that in order to improve, their training needs to get more challenging and complex over time. This is known as progression, and it helps runners gradually achieve more as they adjust to higher mileage and overall intensity.

Strength training is so important to runners that it shouldn’t be considered cross-training. It’s just part of the training runners need to do.

You can do this with your weight training as well. If you are new to strength work, start with relatively simple bodyweight exercises with an emphasis on consistency.

It is at this stage of your running career that it is most helpful to develop the habit of constant strength training. So start with a series of body weight workouts that follow each of your runs. When you finish each run with a small amount of basic resistance training, you build a long-term habit that will last.

Stick to basic exercises like:

  • Squats (and their one-legged varieties)
  • Deadlift (and one leg deadlift)
  • boards
  • bridges
  • Lunges
  • Step-ups
  • pushups
  • Press (and press)

The Mace single leg routine Below, many of these exercises are combined into a single workout that deals with the strength of a single leg:

And the Standard core routine is a “bread and butter” core workout specially developed for runners:

These routines will help you build strength in a way that will be challenging but accessible to most athletes. As you do a routine after each run, you build the basic strength required for a more advanced lift, if you so choose.

How to add weights and challenging movements

If you’re new to weight training, jumping into a series of heavy deadlifts on day one isn’t a good idea. Instead, start with the routines in the previous section, which are far more general.

General strength is the foundation on which gym runners can get to more advanced lifts. After 4 to 6 weeks of consistent body weight training, you can move on to more advanced exercises.

A valuable way to make the transition from bodyweight exercises to difficult workouts in the gym is to start with simpler equipment like bands, medicine balls, and kettlebells. These tools add weight to your body or only add a relatively small amount of weight.

Ultimately, runners don’t have to be afraid to lift weights. It doesn’t make you bulky or too stiff to run.

You practice many of the same movements that you did in the gym, but with less weight. Routines like that Tomahawk workout are great intermediate exercises when bodyweight exercises are too easy but you’re not ready to hit the gym.

After another 3 to 5 weeks of strength training with home equipment, you can move on to more advanced lifts in the gym. These more challenging gym workouts involve many of the same exercises (Squats, Deadlift, Press) but is done with a weighted barbell.

The planning is different too, as you can’t lift heavier weights every day, so you won’t keep track of every run with one of these workouts. Instead, you can lift fairly heavy weights at the gym twice a week and keep doing bodyweight training after your other runs during the week.

Strength building tips to remember

The goals of runners in weight training are simple: get strong, improve efficiency, improve injury resistance, and increase power to improve racing performance.

Rather than isolating specific muscles, runners should train movements.

Because of this, you don’t have to train like bodybuilders by focusing on single muscles and long workouts. It’s not that helpful for runners.

Rather than isolating specific muscles, runners should train movements. Compound multi-joint exercises like squats and deadlifts not only help runners get stronger, but also build coordination and general athleticism. So, skip the bicep curls and focus on the basic exercises.

And since our goals are efficiency and performance, you need to lift relatively heavy weights. Light weights don’t challenge your muscles and nervous system enough. You will need to lift challenging amounts of weight for these desired adjustments.

But with that said, prioritize your running. Lifting is secondary to running. When in doubt, lift a little less weight than you think. Runners do resistance coordination training when lifting weights, so the exact amount of weight is less important than good movement.

If you are too tired or sore to run from lifting weights, or if you are unable to get the pace or jumps you want while exercising, you are probably lifting too heavy. As you lose weight, you will likely find that your energy returns to running quickly.

Ultimately, runners don’t have to be afraid to lift weights. It doesn’t make you bulky or too stiff to run. But it makes you stronger, improves your body composition, increases your speed and running economy, makes you more efficient and reduces the risk of running injuries. And these are all things every runner wants.

5 issues you must know earlier than the inventory market opens on Monday, Could 24th

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Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Stocks are expected to rise after last week’s bitcoin-driven swings

Traders on the floor of the New York Stock Exchange.

Source: NYSE

US stock futures rose as tech names shook off another tough period for Bitcoin in premarket trading on Monday over the weekend. The Dow Jones Industrial Average and the S&P 500 fell around 0.5% every week. For the S&P 500, that was the first weekly loss since February. The Nasdaq battled the downtrend last week, breaking a four-week losing streak up 0.3%. In the last week of trading in May, before Memorial Day next Monday, the Dow rose about 1% for the month and the S&P 500 rose 0.6% for the month. The Nasdaq fell 3.5% as the biggest loser in May.

2. Bitcoin is trying to get the week off to a wild tumble off to a positive start

A bitcoin logo displayed on a smartphone with stock market percentages in the background in this illustration dated April 26, 2021.

Omar Marques | SOPA Pictures | LightRocket | Getty Images

Bitcoin rebounded 14% to around $ 38,000 on Monday after last week’s wild ride lengthened into the weekend. Bitcoin price fell to less than $ 32,000 on Sunday. Last Wednesday, the world’s largest cryptocurrency slumped by more than 30% to just over USD 30,000 per coin for one day. Bitcoin hit an all-time high of nearly $ 65,000 in April. The recent sale was a major reversal in the cryptocurrency that appears to have gained prominence among major Wall Street banks and public companies. However, this month Bitcoin was hit by a number of negative headlines from major influencers and regulators.

3. New US Covid cases drop dramatically before Memorial Day

People without a mask are walking in Times Square in New York City on May 19, 2021.

John Smith | VIEW press | Corbis News | Getty Images

Daily new Covid cases in the US have fallen to their lowest level in eleven months as the nation prepares for the long Memorial Day weekend, the unofficial start of the summer travel season. The seven-day average of initial infections was 25,270 on Sunday, according to Johns Hopkins University. New infections have decreased dramatically as more people across the country are being vaccinated. According to the latest data from the CDC, more than 49% of the US population have received at least one shot and over 39% are fully vaccinated.

4. Judge in the case of Epic Games-Apple, who is supposed to grill lawyers from both sides

Apple CEO Tim Cook is interrogated by Gary Bornstein as he testifies in this courtroom sketch on May 21, 2021 during a weeklong antitrust trial in federal court in Oakland, California, United States, on May 21, 2021.

Vicki Behringer | Reuters

The judge who will rule on the Epic Games-Apple case is expected to grill lawyers from both sides on Monday as they reach their final negotiating points. US District Judge Yvonne Gonzalez said she hoped to publish her decision before August 13th. On Friday, Apple CEO Tim Cook described the company’s control of the App Store as the best way to serve and protect device users. Epic Games, the maker of the popular video game Fortnite, claims the App Store has grown into a budget vehicle that earns 15% to 30% commissions from in-app transactions and prevents apps from offering other payment alternatives.

5. Virgin Galactic’s recent spaceflight was “flawless,” says the CEO

Virgin Galactic’s shares rose 17% on the Monday ahead of the market, two days after the company’s first space flight in more than two years got a step closer to completing the development of its space tourism system. The stock rose 30% last week.

Virgin Galactic’s starship, VSS Unity, was lifted by a carrier aircraft to an altitude of approximately 44,000 feet. It was then released, fired its rocket engine, performed a slow setback at the edge of space, and landed back on the New Mexico runway from which it took off. Michael Colglazier, CEO of Virgin Galactic, told CNBC the flight was “flawless”.

– The Associated Press contributed to this report. Follow all market action like a pro on CNBC Pro. With CNBC’s coronavirus coverage, you’ll get the latest information on the pandemic.

I believe I realized to actually like operating, so perhaps you’ll be able to too

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Illustration for article titled I Believe I Learned to Really Like Running, so maybe you can, tooPhoto: Skumer (Shutterstock)

By the end of week three, I try to learn how to like to run – something I’ve hated for most of my life – for my entire month. “Lifehacker Fitness ChallengeI have to report a few hiccups and an incredible, practically incredible success.

First, the hiccups, of which there were several. I ran exactly once last week, even though I gave myself one Goal of three runs last week::

My goals for the next week are three runs, at least one of which is on a scenic trail. My longest run / walk this week was just over 20 minutes. So if I can get that down to 25 minutes it would feel like progress. And I hope that at least one run will appear on or near a “two” on the mood card.

There are legitimate reasons for this, namely that my parents and my grandfather came to visit the city last weekend. It was the first time in a year that I had seen her in person. And then, because I told myself I could train in a way that I enjoy, I decided on my elliptical trainer on Monday.

On Tuesday, Lifehacker’s editor-in-chief Jordan Calhoun and I interviewed each other Jason Fitzgerald of Strength Running for Lifehackers Podcast, The upgrade. (This episode is scheduled to be released on Monday. Then I’ll come back and drop the link here.) We were talking about this very subject – how do you get started as an adult? – and Jason was very kind and encouraging to me, even after Jordan told him how My ankles don’t bend properly.

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There were some important personal lessons for me from this conversation. First, in order for you to start running happily, you need to give him 30 days. (I ran into just the right time!) Second, that you’ll probably hate it for the first two – maybe three – weeks. (I had just that much time and still wasn’t a fan!) And then there would be a turning point; My body would feel different. My legs would feel stronger and the whole thing would become a little more natural and I would be on my way to enjoy it. I could tell that he really believed that, I could see that he wanted this for me, and I allowed myself to believe that it might actually be possible. After all, he’s the expert.

Newly motivated, I left the Zoom meeting, laced up my sneakers and started running. I needed a change of scene, so I went to the neighborhood next to me – one that’s beautifully bordered by huge sycamore trees and a little hilly but not quite as hilly as mine. I walked for a few minutes and then started jogging. I had the tight-fitting thing back and I said, “Oh, damn it, here we are again,” but then they loosened up and I left.

After a few minutes, I began to wonder if I should slow down as my body usually insisted that I do it after a few minutes. And yet I felt pretty good. I wasn’t particularly out of breath or unwell, so I just kept running. I haven’t timed myself, but my best guess is I ran 12-13 minutes in a row without stopping. And if I hadn’t had to turn around to go uphill at this point, I probably could have continued for longer. Walking a few minutes at the beginning and end took me to 20 minutes and I got home feeling pretty happy with myself.

Jason was right. My body felt different. My legs felt stronger. I felt less like I was running than I was actually running. And I kind of liked that feeling.

I gave myself a “two” from 1-5 on my Running Moods Scale. (In case you don’t remember, five is, “Fuck that shit right to hell” and one is, “Yay! Running is the best!”) Two was another goal of mine for this week, and it’s the one of that I didn’t think I’d reach

Now back to the hiccups (the figurative kind). Like I said, this was the only run I’ve done this week – although in fairness it’s only Thursday when I write this. The main reason I didn’t run yesterday or today is because my right ankle was a bit sore when I woke up yesterday. Not like an injured type of wound, but tight enough that I’m nervous about running on it. It’s my own fault; I haven’t warmed up enough, even though I know my ankles aren’t flexible. Jason also stressed that people try to do too much too soon and can make injuries worse. So I’ll give it another day or two before trying a run.

Asinine ankle or not, I call this week a win.

This boob tape really works with bigger cup sizes

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We independently selected these products because we love them, and we hope you do too. Shop with E! has affiliate relationships, so we may receive a commission if you buy something through our links. Items are sold by the retailer, not E !.

So many women with larger breasts wish they had access to the same products that work for others. First, there is the hurdle that many bras are not available in the right size. But even if they are, they may not do the job, or feel uncomfortable, or they may just not be as cute as what all your friends are allowed to wear. And then there are the other boob products that sound like a great idea in theory, but just don’t work … or don’t fit your cup size. You know what I’m talking about, right? I’m referring to the schnitzel, tape, and other stick-on items that I’ve tried on over the years with no success. I did that, just hanging out around the house, scared of testing them out in public in case something went embarrassingly wrong.

I just want to do my best … but unfortunately it’s not always that easy. Most women with larger chests know the struggle of trying on one outfit with every bra they own, figuring out what will work … and then trying another outfit because the first option didn’t work out. And then of course there is the fantasy of wearing a backless dress without a bra and really feeling good. Well I have news for you. This is no longer a fantasy. I finally found a boob tape that actually works on larger cup sizes, BrasyBra. And it comes in a wide variety of skin tones.

The way to stream in full 4K decision

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Do you remember HDTV? Full 1080p? Well those days are long gone baby Now 4k is the minimum acceptable definition that you want to see. What else are you doing with your eyes?

4K is also known as UHD (“Ultra High Definition”) or 2160p (that’s double 1080p for you math whizzes out there). This means that the screen you are currently viewing is 3840 x 2160 pixels. Most new televisions and computer monitors currently support this resolution. However, there are a few extra steps you need to take to ensure that the content you’re viewing is actually playing in all of its 4K glory.

First, make sure that the platform you’re streaming from actually supports 4K. For example, HBO Max only recently started streaming 4K content. If you’re using a FireTV Stick, you’ll need to make sure you have a 4K model. Netflix lets you upgrade your plan for the full UHD experience.

Then you need to check that the show you want to see is in 4K. Some older shows weren’t up-converted and sometimes you have the option to choose the HD version or the 4K version.

Finally, make sure that all of your cables, connections, and ports support 4K. Some TVs only have dedicated HDMI connections for 4K. So be sure to connect them. Have fun streaming!

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Robert Shiller sees the “wild west” in the actual property, shares and crypto markets

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Nobel Prize-winning economist Robert Shiller fears a bubble is forming in some of the hottest trades in the market.

He is particularly concerned about real estate, stocks, and cryptocurrencies, where he sees a “wild west” mentality among investors.

“I didn’t do that in print. I said that,” the Yale University professor told CNBC’s “Trading Nation” on Friday.

Although the stock and crypto record has paused in recent weeks, Shiller is concerned. He is particularly concerned about the recent real estate boom.

“The reality is that house prices have never been this high. My data goes back over 100 years, so that’s something,” said Shiller, co-founder of the S&P CoreLogic Case-Shiller House Price Index. “I don’t think central bank policies explain the whole thing. There’s something about the sociology of markets that is happening.”

For the past three decades, Shiller has found that house prices seem to be driving starts for housing. He sees the pattern reappear and highlights it in a special diagram.

“We have a lot of upside momentum now, so if we wait a year, house prices are unlikely to go down,” Shiller said.

According to Shiller, the current real estate price movement is also reminiscent of 2003, two years before the slide began. He notes that the slump was gradual and eventually collapsed around the 2008 financial crisis.

“If you go out for three or five years, I imagine you would [prices] be a lot lower than it is now, and maybe that’s a good thing, “he added.” Not from the point of view of a homeowner, but from the point of view of a potential homeowner. It is a good thing. If we have more houses, we are better off. “

Shiller, an expert on how our emotions affect financial decisions and author of “Narrative Economics: How Stories Go Viral and Drive Major Economic Events,” sees mass psychology also playing a large role in the epic rebound in stock markets.

Since the March 2020 low, the S&P 500 and Dow are up nearly 90%, while the tech-heavy Nasdaq is up just over 100%.

Shiller, who viewed stocks as high-priced earlier in the year, warns that fears of inflation could ultimately lower long-term assets.

Cryptos ‘ultimate source of value is so ambiguous’

The market for cryptocurrencies is also putting Shiller on alert.

“It’s a very psychological market. It’s amazing technology,” Shiller said. “But the ultimate source of value is so ambiguous that it has a lot to do with our narratives and not with reality.”

Even Shiller was tried.

“I thought about buying them to experience the effect. A lot of people actually do,” he said. “I never bought Bitcoin. Maybe I should be active in this market.”

Based on Bitcoin’s latest wild swings, some of the buzz may wear off. At the close of trading on Friday, it’s down more than 30% in the past two weeks.

Disclaimer of liability

The epic story of the Queen’s tiaras and who can put on them

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Like little baby crowns, tiaras – no matter how elaborate they are, the head does not mean completely – also historically mean royalties, status, tradition and pomp, and you can not only read with one, but also eat, dance and, if you like, ‘re Princess Margaret, to take a bath.

They are also very useful –Prince PhilipMother, Princess AliceDived into the family vault and found a tiara from which he got the diamonds for Elizabeth’s engagement ring.

The sparkling accessory even has its own day – May 24th, Queen Victoria’s birthday, is International Tiara Day, when women of all ages can indulge themselves royally. And when it comes to wearing a tiara, go for it.

But not all tiaras are created alike, and even if you are royalty you can’t just check one of the queens out of its vault like it was a library book. And you certainly can’t carry a piece that is hers in the tub, even if you’ve borrowed it for a special occasion, like an Oscar nominee who draped $ 1 million worth of diamonds borrowed on the red carpet.

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