Mortgage lenders say they expect the peak in foreclosures to come about a year from now. As for the bottom of price declines, you can expect that in 2013 or beyond.
October 15th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "global trade"
A Recovery of Some Kind in Global Trade
“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | Continued
Investors Teased and Tickled by Waves of Good News
And now comes the big American holiday – July 4th. Investors pack their suntan lotions and head off to the beach for Independence Day. With Jaws in a cage, they had judged it safe to go into the water. But then came Thursday’s news.
July 6th, 2009 | Bill Bonner | 0 comments | Continued
House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties
A fellow loses his job; he can’t pay his mortgage. The house goes onto the market and pushes down prices. Prices in California are off 30% year-to-year, with the median house at $267,000. In Las Vegas, the median house is only $135,000…
June 29th, 2009 | Bill Bonner | 3 comments | Continued
An Exploded Bubble Can’t Be Reflated
Because, once a bubble has exploded, it can’t be reflated. The feds can put out new money and credit – but it goes somewhere else…
June 16th, 2009 | Bill Bonner | 0 comments | Continued
Put Bernie Madoff at the Treasury!
It is a documented fact that neither the present U.S. Secretary of the Treasury – Hank Paulson – nor the incoming man – Tim Geithner – had a clue about what was happening last year. They didn’t seem to understand how America’s system of imperial finance – the system that undergirded expanding world trade – actually worked…
January 14th, 2009 | Bill Bonner | 2 comments | Continued
Globalisation Halt
Where trade flourishes, business is good. But trade does not always flourish. The linked forces of globalisation move in fits and starts…
January 7th, 2009 | Chris Mayer | 2 comments | Continued