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.Please take a moment to fill out our listener survey: www.economist.com/podcastsurvey  Hosted on Acast. See acast.com/privacy for more information.