Poor Ol’ Goldman … Just trying to do ‘God’s work’ … And everybody treats it like the devil.
April 27th, 2010 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "housing"
The Cost of Debt Tipping Point
Maybe the Feds are toasting their own success in saving the world from itself (or capitalism from itself, as the critique goes). But not so fast! Global curmudgeon and policy fix-it man George Soros says that the old problem – too much corporate and private sector debt – has been replaced by a new problem – too much public sector debt.
April 16th, 2010 | Dan Denning | 33 comments | Continued
Reader Mail on Property
Having lived through the collapse of the Irish property market & returning to Australia after 14 years in Europe I am alarmed that the same blinkered approach to housing and the obsession with home ownership & the use of the asset to purchase consumer items that I saw there is being repeated here.
April 14th, 2010 | Dan Denning | 50 comments | Continued
Reader Mail on Housing, Australia, Industry and Family
We interrupt your regularly scheduled Daily Reckoning to bring you some views and comments from Daily Reckoning readers all over Australia. When we started the DR Australia in 2005 (your editor was in London at the time, but secured the services of one Kris Sayce) it was a letter without any readers…
March 31st, 2010 | Dan Denning | 29 comments | Continued
European Monetary Union Members Cannot Print Money to Inflate Way Out of Crisis
Europe’s monetary failure is bringing about a fiscal crisis, and probably a social crisis too. The Euro not only made 10-month lows against the dollar. But the viability of the common currency (one interest rate, many fiscal policies) is now being openly questioned.
March 25th, 2010 | Dan Denning | 38 comments | Continued
A Rally in a Bull Costume
This rally has gone on for so long most people think it is not a rally at all, but a new bull market.
March 11th, 2010 | Bill Bonner | 79 comments | Continued
An Insider’s View of the Real Estate Train Wreck
The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate.
February 12th, 2010 | David Galland | 28 comments | Continued
Are Aussie House Prices in a Bubble?
First off, house prices are still rising in Australia, but for the second month in a row sales are falling. Here in Melbourne, the average house price is now $510,000 according to the RP Data Index. Melbourne prices are up 15% since January. Granted, that’s not quite as good as the stock market this year. The All Ords is up nearly 30% year to date. But it’s not bad for houses is it?
December 1st, 2009 | Dan Denning | 103 comments | Continued
People Without Jobs Can’t Make Mortgage Payments
Housing and employment numbers are weak. What’s going on? Maybe this recovery is not a sure thing after all.
November 23rd, 2009 | Bill Bonner | 0 comments | Continued
Cheapest Place in the World to Live is the US
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 | Continued
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
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
