Money
Deflation? What’s it?
Minyanville wrote an interesting post on deflation. It’s an understandable (i.e. not technical) and condensed explanation of some fo the reasons why US is technically in deflation, and what it means.
I think it is definitely worth taking the time to read it. It’s just literally 3 minutes, a simple VSI (very short introduction).
Click here to […]
US economy joke
This is just hilarious.
Length of real estate bear market
There was an interesting table on the FT last Saturday that reported the length and extension of house prices drop (the bear market) in 15 economies since 1970 (mainly Europe, USA + Japan, Korean, New Zealand and Canada).
On Average, the bear market has lasted 6+ years, and the prices dropped between 16% (Canada) and 50% […]
Recession probabilities for the US
Ok I admit it, I am passionate about the economy too, not only about the internet. So I cannot stop posting about it and, these days, more frequently than about the internet. There is a lot going on in the internet, especially with the recent Yahoo-Microsoft story. But I cannot and don’t want to comment […]
US house prices still down
This chart, courtesy of Standard and Poor’s, shows the severity and magnitude of US house prices adjustment overt he last 18-24 months.
Standard and Poor’s also issued a press release just yesterday about the continued fall of US house prices, now reaching 18-20%+ YoY in cities like Los Angeles, Las Vegas, Miami and San Francisco, once […]
Too early to be optimistic
Wolfgang Munchau explains why the economic recovery might take much longer than anticipated, and why it is too early to be optimistic.
All is down to the several crisis that are happening in the same time: property, credit, banking, food and commodities. And they are all happening while saving rates are at historical lows and the […]
Signs of a bubble bursting
I remember back in January a colleague of mine telling this story to a small audience.
“Sunday I was in bad with a bit of flu, and here he calls, the agent from XXX, asking me if I wanted to see some property to buy (he showed interest in buying a property weeks before). I […]
UK house bubble bursts
An interesting article on this week Economist drives the attention on a few points with regard to the UK house bubble:
the previous downturn lasted for almost a decade
Halifax index (down 2.5% in March) is late recording the real market conditions. It registers prices when mortgages are agreed, which is a few weeks later to when […]
UK house prices set to drop 15% over two years
The FT reporting some pessimistic expectations on UK house prices for the next couple of years. 15% down + 5 / 6% inflation makes it a drop of 20+%. The article is free, and worth reading. FT.
Sphere: Related Content
UK house prices drop 2.5% in March
Well, it appears that even UK house prices follow the law of gravity. This is not really big news, as anybody that has studied a little bit the history of markets knows that what goes up has eventually to go down. It happened many times before, and it is happening now. Every time, before happening, […]