The planet’s financial press is beginning to see things our way. “In the first place, the U.S. federal reserve applied a very expansive monetary policy.”
October 28th, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "housing market"
The Collapse of the U.S. Housing Market and Mortgage Bubble
The collapse of the U.S. housing and mortgage bubble has proved much more worrying and has already destroyed the independence of Bear Stearns, Merrill Lynch, A.I.G., Lehman Bros, Fannie Mae, Freddie Mac, and, in London, Northern Rock and HBOS, with various levels of loss for the shareholders. When we were writing “Blood in the Streets”, we did foresee the significance of the housing market.
September 19th, 2008 | William Rees-Mogg | 0 comments | Continued
Housing Market is Becoming More Affordable but That’s Not Necessarily a Good Thing
Housing is not a problem at all. It’s becoming more affordable. It’s only a problem for people who mistook the roof over their heads for a speculative investment.
July 2nd, 2008 | Bill Bonner | 0 comments | Continued
Housing Market Drops Housing Prices by 16%
In the United States, the fall in stocks has cost investors almost a trillion this year. Losses from housing are said to be about a third of that. But that is just the beginning.
June 18th, 2008 | Bill Bonner | 5 comments | Continued
The Correction in the U.S. Housing Market Made Its Sharpest Move Ever
The correction in the U.S. housing market made its sharpest move ever in February, with houses nationwide down 12.7% from 12 months earlier. In Las Vegas, Miami and Phoenix prices were down 20%. Foreclosures doubled in the first quarter, with Nevada leading the way.
May 1st, 2008 | Bill Bonner | 1 comment | Continued
Cursing the Loss of Purchasing Power
Thomas G. Donlan’s new essay in Barron’s is titled “Lands of Waste and Debt” with the subhead “The states send signals that it will not be a happy Spring”, which makes me ask the obvious question “It won’t be happy for who?”, as I am all in gold, silver and oil, and I am dead-bang sure that I will be VERY happy for a long, long time because I know what happens to those particular items when a moronic, corrupt government teams up with a central bank…
April 15th, 2008 | Mogambo Guru | 7 comments | Continued
The Battle Raging Between Inflation and Deflation
We have been talking about the battle raging between inflation and deflation. But this is one way to win, no matter which side comes out ahead. Want a sure bet? Bet on de-leveraging. How do you do that? There are many ways.
April 4th, 2008 | Bill Bonner | 0 comments | Continued
The Wall Street Journal Calls the Last Ten Years a “Lost Decade” for Stockholders
The Wall Street Journal calls the last ten years a “lost decade” for stockholders. The S&P is now about where it was in 1999. Stock market investors are ten years older and wiser; but not a penny richer. And now they’re beginning to wonder about the whole scheme of things…
March 31st, 2008 | Bill Bonner | 0 comments | Continued
300,000 Australian Households at Risk of Losing Their Homes
“House prices throughout Australia are predicted to rise by up to 40 per cent over the next five years,” reports the ABC, quoting a report from BIS Shrapnel. “Economic forecaster BIS Shrapnel says the housing affordability crisis will only get worse as demand for housing continues to outstrip supply. BIS Shrapnel property analyst Angie Zigomanis says the outlook for the housing market is dire.”
March 31st, 2008 | Dan Denning | 15 comments | Continued
More Cash and Credit: How the Economy got Here in the First Place
This time, the financial authorities aren’t even opening the medicine cabinet. They’re afraid the patient couldn’t stand the treatment. Instead, they’re administering the old elixir that got the economy into serious problems in the first place - more cash and credit.
March 5th, 2008 | Bill Bonner | 0 comments | Continued