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by Charles Hugh-Smith All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the … Read more
by David Haggith These are not the tiny champagne bubbles Don Ho used to sing about, but those greenish-gray floats of foam that pile up against harbor docks where the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New York condo prices flat year-over-year. San Francisco, SoCal, Seattle year-over-year gains shrink to near nothing. Las Vegas flat for sixth month. Miami & Phoenix at … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Chicago, Dallas-Fort Worth, Atlanta, Minneapolis, Charlotte, Detroit, Cleveland. In the 20 US housing markets covered by the CoreLogic Case-Shiller Home Price Index, there are some that … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices set post-collapse record in Miami, flatten out in Las Vegas, Phoenix & once red-hot Charlotte, linger below Oct 2018 levels in Washington, DC & … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, … Read more
by Charles Hugh-Smith Given that the economy is now totally and completely dependent on inflating asset bubbles, it makes no sense to invest for the long-term. Beneath the endlessly hyped … Read more
BY JOHN RUBINO After raising interest rates and getting slapped around by the markets last year, the Fed now appears to accept that future monetary policy can only be easy, even … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In Greater Vancouver, BC, Canada, house prices fell 0.5% in March from February, the eighth month in a row of declines, according to the Teranet-National Bank House … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Wave of Mega-IPOs is already baked into the cake.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices in Miami eke out post-collapse record but fizzle in Las Vegas, Phoenix, Washington, DC; fall in Chicago. Cincinnati & Detroit tick down further. There is a … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How do they stack up against the most splendid housing bubble in America? Holy cow! Canadian housing markets are in a category of their own. No … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally … Read more
by Jesse Colombo Knight Frank’s latest annual Wealth Report just came out and is full of interesting data. What stood out to me, in particular, is the statistic that showed that the … Read more