Net migration to the rich world is at all time highs. It's bounced back very dramatically from the pandemic. Wage growth has been pretty strong in nominal terms over the past year. And it's been even by historical standards, disproportionately wealthier households that have clambered onto the mortgage ladder.
Much to the chagrin of hopeful first-time buyers, property prices remain stubbornly high across the West. Our correspondent explains why housing is defying the laws of financial gravity. A new diamond deal in Botswana risks jeopardizing the country’s sparkling record. And why a failed crop of peaches will not cripple America’s Peach State.
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