“Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “The authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if the banks don’t topple, the economy will get hit hard. In its latest report on Australia, the OECD focuses …

READ MORE

The Cat Is Out Of The Bag: NEW HOME SALES COLLAPSE

by Aaron Layman of AaronLayman.com via Investment Research Dynamics Dave’s Note: New homes sales, based on the seasonally adjusted annualized rate metric, are down over 23% from their peak in November 2017. Pending home sales, which translate into existing home sales less canceled contracts …

READ MORE

Nafez Ahmed: Surviving The Collapse

by SP Quoting from Nafez Ahmed’s website: So I did this exclusive interview for a feature article inspired by Ubisoft’s new console game, Tom Clancy’s The Division, with The Guardian. My interviewer, Guardian games and tech editor Keith Stuart, did a fantastic job of …

READ MORE

The Two Paths to Collapse

by Charles Hugh-Smith The very structure of our systems guarantees their failure once conditions change beyond their limited ability to adjust. As a general rule, there are two paths to collapse: gradual erosion and sudden crash. The two are intertwined, of …

READ MORE