It shows you that we are past the viscous subprime crisis, when that shark chewed through the balance sheets of a number of banks and financial institutions, in some cases devouring them whole.
November 6th, 2009 | Chris Mayer | 3 comments | ContinuedReal Estate
Commentary on real estate and the worldwide bubble by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Interest Rates and Inflation
And that’s the point. It is all money in the bank. There is, according to the press, a difference of opinion between Treasury and the Reserve Bank over interest rates and their proper direction.
November 3rd, 2009 | Dr. Steven Kates | 59 comments | Continued
Investors Think Things Will Return to the Way They Were in the Bubble Epoque
The Wall Street Journal is talking about a “full recovery” in luxury goods sales by 2011. And Wall Street itself is pricing stocks as if the record profit margins of ‘05 and ‘06 were just around the corner.
October 21st, 2009 | Bill Bonner | 0 comments | Continued
New Default Wave Hits Mortgage Industry
Imagine how disappointed lenders will be when these loans default. And then, imagine how American investors will feel when a new wave of mortgage defaults and foreclosures is hits the commercial property market.
October 5th, 2009 | Bill Bonner | 9 comments | Continued
Most People Think a Rising Housing Market Makes Them Richer
House prices seem to be stabilizing. In some areas, they are going up. Of course, in some places you can get a house at half the price it sold for two years ago. That lures buyers back into the market.
October 1st, 2009 | Bill Bonner | 11 comments | Continued
Underlying Demand During a Housing Shortage
That is clever to suggest that when rates rise people will have to find another way to say that houses are affordable. But we reckon when rates rise, as they eventually must, a lot of new home buyers will find out that access to cheap credit does not make a house affordable. It just makes the amount of debt you owe to the bank a lot larger.
September 30th, 2009 | Dan Denning | 39 comments | Continued
Three-life Leases are Still Alive and Well
It is the end of a long day here in the Normandy countryside and we have jumped online long enough to learn that very little of consequence happened in financial markets today. In the meantime, we learned from our host Bill Bonner tonight that three-life leases are still alive and well.
September 22nd, 2009 | Dan Denning | 0 comments | Continued
How Did Australia Get Caught Up Losing Money in Commercial U.S. Real Estate?
In yesterday’s Age, Bwembya Chikolwa, a lecturer in the School of Urban Development at Queensland University of Technology, says Aussie super funds had money to burn…
September 1st, 2009 | Dan Denning | 1 comment | Continued
Total Meltdown of the Aussie Housing Market
Next Wednesday will see the release of the national accounts for June. Those figures will probably show the economy being less bad than previously expected. That might lead to the end of the “emergency setting” of the RBA cash rate at 3%, which will precipitate the decline and fall…
August 28th, 2009 | Dan Denning | 91 comments | Continued
Evidence of a Turn in the US Economy
The bounce in existing homes sales reported last week is yet one more sign that even in the most bombed-out part of the economy, there is some activity stirring.
August 26th, 2009 | Rob Parenteau | 1 comment | Continued