Ben Bernanke would describe the turkey’s life - with no setbacks - as the product of a “great moderation.” Turkey stockbrokers would assure their clients that nothing had ever gone wrong in the turkey’s life…
November 27th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "houses"
Aussie Housing Market Actually Leads the U.S. by Three Years
There as an interesting contrast of positions on the state of the Australian housing market over the last few days. First, RBA Deputy Governor Ric Battellino gave a speech in Sydney earlier this week in which he gave three reasons why the Australian housing market is different than the U.S. market. Don’t worry about a crash here, he seemed to be saying. Battellino says the Aussie housing market…
October 31st, 2008 | Dan Denning | 17 comments | Continued
Abandoned Shopping Malls to Follow Abandoned Houses
Last week, we saw a report telling us that vacancies in retail space were increasing. The United States has ten times more retail space per person than France. When people spend less, much of this space will cease to be commercially viable…
July 10th, 2008 | Bill Bonner | 7 comments | Continued
Your Houses will be Worth Less than the Value of Your Mortgage Loans
households will be “upside down,” meaning, their houses will be worth less than the value of their mortgage loans. Almost half of the people who took out subprime loans over the last two years have no equity in their houses, says Bloomberg.
February 15th, 2008 | Bill Bonner | 3 comments | Continued