Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Oops, they’re already rising. The US government bond market has further soured this week, with Treasuries selling off across the spectrum. When bond prices fall, yields rise. For example, the two-year Treasury yield rose to 2.06% …
by Martin Armstrong Property values are starting to crash hard in Sydney Australia, New Zealand, and London. Politicians are simply idiots. They all targeted foreigners buying property as the leading cause for the rise in housing prices. What they failed to …
Turns out all that’s needed to halt a property bubble is a constitutional crisis of epic proportions. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s breakaway region, Catalonia, is riven in two and as unruly as ever. Just …
@StockBoardAsset Anyone notice the trend in wages & salary growth? pic.twitter.com/ZuUe79fgcs — Alastair (@StockBoardAsset) December 13, 2017 America’s Wage Hope Hammered – Real Earnings Suffer Longest Slump Since 2009 For the first time since November 2009, real average hourly earnings tumbled …
In the city/country you live in, has real estate become unaffordable? Let me know. Take a look around. Most major cities are experiencing a housing boom as if the money was free. When you look at how low mortgage …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What, first down-tick in Seattle? The S&P CoreLogic Case-Shiller National Home Price Index for September, released today, jumped 6.2% year-over-year (not-seasonally-adjusted). By comparison, consumers’ nominal disposable income (not adjusted for inflation) rose only 2.9%. When population growth is factored …
Josh Sigurdson talks with author and economic analyst John Sneisen about the massively overheated housing bubbles throughout the United States. From Las Vegas to Washington, DC, the markets are becoming incredibly overheated and we can thank central banks, banks and …
by olesentv There’s a housing crisis in the United States. Even though it’s been almost 10 years since the housing meltdown that happened in 2008,, there is still massive distortion in the market as a consequence of that crisis. Economics at …
Honestly this is ridiculous. We’re heading back into the housing bubble all over again. I didn’t realize these people were goldfish and their memory was that terrible! Do you think this is dangerous? No money? No problem. The government is …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There are a lot of them. It’s called “crisis” for a reason. What is the most severely unaffordable housing market in North America as measured by local household incomes in relationship to local home prices? By …
from The Morgan Report David Morgan‘s weekly perspective… IMF lists 9 banks could be struggling in the coming years to achieve sustaining profitability. The huge debt problems continues. A yellow light, something to pay attention to. The ongoing struggle of the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Missing Chinese money? Hardest hit is the priciest segment: detached houses. Home sales in the Greater Toronto Area plunged 35% in September compared to a year ago, to 6,379 homes. The plunge in volume was spread …
There’s a new sub-prime crisis, but it’s not what you think The struggles of Provident Financial have fuelled concerns about a new sub-prime crisis Buyers of Provident’s car loans are up to their eyeballs in debt Regulation has discouraged big …
From Justin Spittler, Editor, Casey Daily Dispatch: Toronto’s housing market is unraveling… Last month, home sales in Canada’s biggest city fell 40%. That was the largest annual decline since 2009. But that wasn’t the only bad news to come out this …
Sources: https://goo.gl/UpprQe In This Episode: Rents are rising. And that goes for most major cities. These are unstoppable and it’s all because of unnatural events. Government intervention at its finest. A recipe for disaster and its true consequences. US canada …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Sales volume crashes, prices plunge from April peak. In the Greater Toronto Area, sales of homes of all types in July plunged 40.4% compared to July last year to 5,921 transactions. By type: Detached houses -47.4% …
by Jesse With low inflation and continuing stagnation in median wages another housing bubble is just what the doctor ordered as a cure for the last financial crisis, caused in part by the rampant financial fraud associated with Housing Bubble …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The HK financial system is “very strong” and “can withstand an adjustment in the property market.” The Hong Kong dollar is pegged to the US dollar. Hong Kong’s monetary policy is follows the Fed’s monetary policy. …
by AMY S. The Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. The Federal Reserve has set up the American economy for financial collapse for printing trillions …
by John Rubino Housing is hot again, but lately it’s been overshadowed by flashier bubbles in government debt, tech stocks and possibly cryptocurrencies. Still, the warning signs are spreading. Today’s Wall Street Journal, for instance, reports that homeowners are back …
Sources: https://goo.gl/UpprQe In This Episode: Want to buy a $1 Million home but you only make $30,000 per year? No problem. Canada’s housing market is right for you. All you need is a down payment of 1.5% to be living …
by cmiovino I was talking to a friend the other day about workplace training and other BS like ‘stocks will go to the moon and beyond’. Her job specifically is a credit analyst for mortgages. She tells me their latest …
by Umar Farooq “Eight years of super-low interest rates in the US have succeeded in inflating home prices in many cities way past the peaks of the housing bubble that imploded during the Financial Crisis. A boom-crash-boom movement. But …
by John Rubino Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages. But now he’s …
by Charles Hugh-Smith If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden’s housing bubble. A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a …
by Umar Farooq The Brexit vote, unaffordable valuations, and tax increases on investors are all taking its toll on the London’s housing market. All these factors cumulatively have shunned demand and has caused the biggest annual decline in eight …
by Umar Farooq Source: http://www.valuewalk.com/2017/02/chart-signals-china-housing-bubble-may-burst-soon/ China commodity markets are competing against an ever-expanding crop of the wealthy whose demand for real estate as an investment seems to know no bounds. China’s housing market is worth looking. It consumes nearly half …
by Umar Farooq For many of today’s college students and recent graduates, obtaining a degree means taking on mortgage-like levels of debt. College tuition costs are soaring and forcing U.S. younger generation to bear obscenely high levels of student …
by Umar Farooq The next housing collapse is on the horizon. Eventually, home prices must return to normal levels. As can be seen in the chart below home prices are above the pre-crisis levels. The housing bubble has …
By Michael Snyder Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit …