Housing is cheap in the United States. In Texas and Arkansas, housing is probably the best bargain on the planet. Food prices are going up; still food in the US is much cheaper than it is in Europe.
September 22nd, 2009 | Bill Bonner | 21 comments | ContinuedAll Posts Tagged With: "housing"
Americans Have No Money to Spend Because They Already Spent It!
From Florida, comes news of the first drop in population in 60 years. “Unemployment is soaring,” reports USA Today. “Florida is second to California on foreclosures.”
Yes, dear reader, there is trouble in the sand states…
September 3rd, 2009 | Bill Bonner | 1 comment | Continued
Property Spruikers Claim Australia Suffers from a ‘Chronic Housing Shortage’
Shortly, I’ll show you once and for all that Australia does not have a ‘chronic’ housing shortage. Further, I’ll show you that as soon as government runs out of ways to manipulate the housing market, prices will collapse.
To be honest reader, your editor is almost speechless.
August 24th, 2009 | Kris Sayce | 42 comments | Continued
How the Stimulus Works
“The cash that salvaged a county,” says the headline. Perry County, southwest of Nashville, must be one of those places you don’t want to stop when you’re driving across the country. With 25% unemployment and no significant industry, it sounds dreadful…
July 30th, 2009 | Bill Bonner | 2 comments | Continued
Building a National Economy Around the Housing Industry
Let’s also assume that the government cannot borrow its way to larger stimulus payments. With lower spending forecast for government, businesses, and households, you begin to wonder if Australia’s economy has a home grown engine, or if it will rely on something else, or someone else beyond the borders.
July 30th, 2009 | Dan Denning | 9 comments | Continued
No Evidence of Recovery as Unemployment Getting Worse
The depression darkens because people are not just being laid off – their jobs are disappearing. They do not get called back to work. Instead, they stay unemployed until they run out of unemployment benefits…
July 27th, 2009 | Bill Bonner | 0 comments | Continued
Reserve Bank of Australia Will Meet to Determine the Price of Money
This denial of reality should be interesting to watch. When a credit bubble deflates and an economy breaks its addiction to reckless debt, the sensible thing to do (since you’re repairing your balance sheet) is dial things back a bit. Save. Cut back on the gadgets. Eat more staples. Wear a sack cloth.
But if you still believe that you can get something for nothing-well then yes-you’d continue to borrow and spend like a madman.
July 6th, 2009 | Dan Denning | 9 comments | Continued
There is No Real Economic Recovery Taking Place
With no real economic recovery, don’t expect a real bull market on Wall Street. Or real pressure on bond yields…
June 24th, 2009 | Bill Bonner | 2 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
Housing and Unemployment Are Weaknesses in the U.S. Economy
The two obvious weaknesses of the U.S. economy are housing and unemployment. In April, new residential building in the U.S. fell to its lowest level in fifty years, dropping to an adjusted annual rate of construction of 455,000 units.
May 22nd, 2009 | William Rees-Mogg | 0 comments | Continued