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 | 9 comments | ContinuedAll Posts Tagged With: "housing market"
Market Feels So Weak Because it IS So Weak
The stock market rallied throughout most of yesterday’s trading session, then stumbled into the close. This pattern has become unnervingly familiar of late.
November 6th, 2009 | Eric J. Fry | 1 comment | 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
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 | 92 comments | Continued
Austerity is Missing from the Financial Bailout Debate
Within the billions of sentences about the financial bailout there is one word notably absent, austerity. All talk is of payments, supports, subsidies, incurring more debt, stimulus packages.
July 3rd, 2009 | Juan Enriquez | 1 comment | 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
The Rule of 72 vs. Housing
Australian house prices will go up an average of 20% over the next three years. We’re not making that up…
June 16th, 2009 | Dan Denning | 36 comments | Continued
Three Kinds of Money in the Marketplace
There’s the smart money that goes with the trend. There’s the dumb money that bets against the trend. And there’s the money that doesn’t know whether it is coming or going.
The trouble is always figuring out which is which.
June 9th, 2009 | Bill Bonner | 0 comments | Continued
Binge Housing, Australia-style
There’s more news on the housing front to report and argue about. Remember, all we’re saying is that rising Australian housing prices had a lot more to do with the credit boom than any critical shortage of housing stock. This alleged shortage is often alluded to but never proven, so far as we can see. If someone does have proof, we’re happy to publish it. But if there were really a shortage of housing units, wouldn’t there be a lot more people living in the streets or in their cars?
March 25th, 2009 | Dan Denning | 14 comments | Continued
Why it’s Better to Cut Yourself Off From the Financial Media (Except for us, of Course)…
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 | Continued