Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Asking rents spiral down in Chicago & Honolulu, come unglued in Washington DC, drift lower in New York City, but see double-digit surges in Southern California and many less expensive markets. Let’s start with Chicago and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Historic spike in Seattle. Sharp increases in other metros. New York condos fall. Homes prices in the US surged 6.4% in May compared to May a year ago (not seasonally-adjusted), and 1.1% from April, according to …
by Jesse “This is how Ron Chernow correctly described what was happening for New York Times’ readers on March 15, 2001: ‘Let us be clear about the magnitude of the Nasdaq collapse. The tumble has been so steep and so …
by howmuch The sheer magnitude of how much money there is in the world can be quite staggering—and hard to understand. What if you could visualize every market in the world as a bubble? Earlier this year the total U.S. stock …
“We don’t see any bubbles (’00, ’07,’18)…It will all trickle down…. QE1 is working, no QE2 is working…no, surely QE3 will work…the Fed is not the cause of inequality….we don’t manipulate markets ($15T glbl QE+0% rates)…inflation is too low!” H/T: …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, home prices fell 4.6% in June compared to a year …
Josh Sigurdson talks with author and economic analyst John Sneisen from Monument Valley, Arizona about the steadily declining localized real estate markets in Canada as Toronto and Vancouver are met with massive resistance following years of ridiculous rallies. The value …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Historic spikes in Seattle and other metros. But New York condos skid. Prices of houses and condos across the US surged 6.4% in April from a year earlier (not seasonally-adjusted), and a sharp 1% from March, …
via Steven Pearlstein, Analysis Let’s recall those heady days of 2006 when home prices were rising 10, 15, even 20 per cent a year, allowing millions of homeowners to refinance mortgages and collectively take out more than US$300 billion in cash …
DEFORM THE COST OF #MONEY (#INTERESTRATES), DEFORM THE VALUE OF EVERYTHING https://twitter.com/OccupyWisdom/status/1007487736096411648 https://twitter.com/jtepper2/status/1007250459780886528 https://twitter.com/OccupyWisdom/status/1007503545514512384 Bitcoin $BTC support levels: ̶1̶9̶,̶0̶0̶0̶ ̶1̶8̶,̶0̶0̶0̶ ̶1̶7̶,̶0̶0̶0̶ ̶1̶6̶,̶0̶0̶0̶ ̶1̶5̶,̶0̶0̶0̶ ̶1̶4̶,̶0̶0̶0̶ ̶1̶3̶,̶0̶0̶0̶ ̶1̶2̶,̶0̶0̶0̶ ̶1̶1̶,̶0̶0̶0̶ ̶1̶0̶,̶0̶0̶0̶ ̶9̶,̶0̶0̶0̶ ̶8̶,̶0̶0̶0̶ ̶7̶,̶0̶0̶0̶6,0005,0004,0003,0002,0001,000666420690 — Ramp Capital (@RampCapitalLLC) June 13, 2018 Tesla Net …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.” In Sydney, home prices had jumped over 80% from the end of 2009 through the peak …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Chicago’s rents in free-fall, Washington DC’s suddenly plunge, New York’s fall to third place. But rents soar in Southern California and other parts. Bay Area and Seattle “mixed.” Four observations first: One, New York City’s median …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Some beautiful spikes too. Prices of houses and condos across the US surged 6.5% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for March, released today. The index …
Toronto’s housing bubble is popping, its only a matter of time before this spreads from country to country and it all starts to fall apart. Commercial price index is now back to 2008 levels. Credit card delinquencies are on the …
via Danielle Park For anyone who may have been unconscious or in outer space for the last 20 years, here are the Coles Notes: If finance had not been able to ‘securitize’ debts (turn them into assets) and sell them to …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Prices of houses and condos across the US surged 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for February, released this morning. The index is now 6.7% …
Regulation Does Not Prevent Bubbles. Regulations Are Designed To Promote Risk Taking And Give the Impression That Some Assets Have No Risk. Regulation Does Not Prevent Bubbles. Regulations Are Designed To Promote Risk Taking And Give the Impression That Some …
by Martin Armstrong QUESTION: BitCoin has crashed and it looks like it will never be what people dreamed as some replacement for the dollar. Are bubbles always involving some failed product? A dream that is just unrealistic like the Tulip bubble? JE …
by John Rubino Financial crises tend to start at the periphery and work their way into a system’s core. Think subprime mortgages (a tiny little niche of a few hundred billion dollars) that blew up in 2007 and nearly brought …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Some flat spots disappear, new ones form. Prices of houses and condos across the US rose on average 6.2% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for …
Peter Schiff on Peter Schiff Podcast In this most recent update, Peter breaks-down the 25 basis point rate hike and Fed Chair Powell’s first press conference. The bottom line is that Powell is a ‘team player’, and he won’t do anything that …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A story of spikes and new flat spots. Home prices on a nationwide basis rose 6.3% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for December, released this …
by visualcapitalist If you had $1 billion to spend on safe real estate assets, where would you look to buy? For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. …
by Anthony B Sanders Alan Greenspan, who didn’t think there was a housing bubble, now thinks there is a stock market bubble. Yes, “Maestro” didn’t see a housing bubble and did nothing to stop it. And then it popped. Other than …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But some flat spots are showing up! Just after I reported on the minuscule 1.4% year-over-year growth of per-capita “real” disposable income and the lowest saving rate in 12 years — for the lucky ones — there’s another …
Authored by Chris Hamilton via Econimica blog, Those curious to gauge just how big the current equity bubble has grown need some kind of “measuring stick”. In the chart below I use the total disposable personal income of the US …
Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: The Bank of Canada raised interest rates another 25 basis points last week. It was the third time in the past …
by Anthony B Sanders Yes, we live in a “Do Ho” economy where bubbles (and not tiny ones) are pervasive. Look at the YoY growth in the all-transactions index from FHFA for US house prices compared to the St Louis Fed …
Einhorn: If you look at the obvious problems from the financial crisis, we solved none of them. And we went on a different way, and we basically, went the bailout route. And said we are going to create a whole …
by Chris US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in …