Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before.
November 20th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "mortgage"
New York Will No Longer be Among World’s Five Largest Cities
There are some big changes afoot in the world’s cities. These changes will create enormous opportunities for investors that a previous generation could barely imagine.
November 10th, 2009 | Chris Mayer | 1 comment | Continued
Investors Think Things Will Return to the Way They Were in the Bubble Epoque
The Wall Street Journal is talking about a “full recovery” in luxury goods sales by 2011. And Wall Street itself is pricing stocks as if the record profit margins of ‘05 and ‘06 were just around the corner.
October 21st, 2009 | Bill Bonner | 0 comments | Continued
A Nice House With No Mortgage
This weekend we went to look at a friend’s house out in the country. He had built it himself …with help from his sons. It was a beautiful stone cottage, perfectly proportioned with French-style windows…
October 20th, 2009 | Bill Bonner | 3 comments | Continued
Consumer Economy Not Going to Return to Robust Growth Anytime Soon
Mortgage lenders say they expect the peak in foreclosures to come about a year from now. As for the bottom of price declines, you can expect that in 2013 or beyond.
October 15th, 2009 | Bill Bonner | 1 comment | Continued
Can Governments and Central Banks Prevent More Credit Writedowns?
Are we changing our tune, then, about what to expect from markets? Not one bit. But the question now is timing. The collapse of 2008 was so severe because of the sudden reduction in leverage in the financial sector. As assets fell in value, the most highly leveraged firms (or lenders who raised money by selling debt) went out of business.
October 12th, 2009 | Dan Denning | 34 comments | Continued
New Default Wave Hits Mortgage Industry
Imagine how disappointed lenders will be when these loans default. And then, imagine how American investors will feel when a new wave of mortgage defaults and foreclosures is hits the commercial property market.
October 5th, 2009 | Bill Bonner | 9 comments | 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
What’s a Consumer Economy Need in Order to Keep Growing?
“US consumers are cutting back, and where they are not cutting back, they are scaling down. This new cycle is all about ‘getting small’ and it is deflationary.
September 23rd, 2009 | Bill Bonner | 1 comment | Continued
Markets Rise While the Economy Sinks
The problem is that the global economy in general, and the US economy in particular, is operating on so much medication that it is difficult to conduct an appropriate examination of the patient at the current time.
September 21st, 2009 | Bill Bonner | 0 comments | Continued