Category Archives: Housing

Stratfor: Global Effects of China’s Real Estate Lending

Posted on February 19, 2013 by

You think housing is an important sector in the U.S.? Stratfor reports real estate accounts for 14% of China’s GDP and housing construction is the source of 48% of the country’s steel consumption. Stratfor East Asia analyst John Minnich examines … Continue reading →

Posted in China, Housing | Tagged , , , | 3 Comments

Mr. Irrational Exuberence on U.S. Housing

Posted on January 28, 2013 by

Remember,  it was Yale prof. Robert Shiller who was the original source of the term “irrational exuberance” and not, as everyone thinks,  Mr. Greenspan (see here).    His opinions are worth a listen as he nailed the top in both the stock … Continue reading →

Posted in Housing | Tagged , , | 1 Comment

Charlie Rose: Joe Stiglitiz, Housing’s Not Coming Back

Posted on November 5, 2012 by

Professor Stiglitz’ Nobel credentials really shine with his current understanding of the U.S. economy in this interview with Charlie, which took place last month.  They discuss many issues,  including LIBOR,  derivatives,  European banks,  too big to fail, the fiscal cliff, … Continue reading →

Posted in Economics, Housing, Whales | Tagged , , , | Leave a comment

Real Chance of Japan-like Housing Slump – Robert Shiller

Posted on March 27, 2012 by

Robert Shiller, who coined the term “irrational exuberance,” is one of our favorite economists.   He really nails it here on the structural shifts taking place in housing.   We agree there is a generational change going on in the sector where … Continue reading →

Posted in Black Swan Watch, Housing, Uncategorized | Tagged , , , | 3 Comments

Picture of the Day: Spain’s Real Estate Bust

Posted on March 23, 2012 by

Apartment blocks in Sesena in the Toledo Provence near Madrid, Spain, seen on February 9, 2012. Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and … Continue reading →

Posted in Black Swan Watch, Housing, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

China Real Estate: “Prices Will Fall By 50%”

Posted on March 17, 2012 by

Sound familiar?  Keep this one on your radar. NTD Television writes, Chinese real estate has been seen as such a quick and lucrative investment that a special term, “chao fangzi” or “stir-frying houses,” was invented to describe property speculation. But … Continue reading →

Posted in Black Swan Watch, China, Housing | Tagged , | 4 Comments

They’re Back………………

Posted on February 29, 2012 by

Well, not really.  A good friend of the Global Macro Monitor sent this over yesterday, which reflects a modified version of the mortgages that drove the Housing ATM and economy before the bust.    You can now refinance your home up … Continue reading →

Posted in Housing | Tagged , , | 2 Comments

California Underwater

Posted on February 27, 2012 by

Is this fulfillment of the prophecy that California will fall off into the ocean?  Just askin’. Stunning that 29 + percent of all mortgages in the state are underwater. (click here if chart is not observable)

Posted in Bonds, Housing | Tagged , | 1 Comment

Current Housing Bust Much Worse Than Great Depression

Posted on February 22, 2012 by

Great chart from the recently released Economic Report of the President.  We suspect the Great Depression housing bust didn’t have the government props to soften the blow as we do today,  which,  therefore, on a relative basis,  makes the current … Continue reading →

Posted in Black Swan Watch, Bonds, Housing | Tagged , , , | 5 Comments

History of Real Housing Prices

Posted on December 27, 2011 by

Wow!  This chart reprinted by The Atlantic brings flashbacks. We recall showing the Robert Schiller chart to many of our friends warning of a massive bubble and potential economic collapse.  They wouldn’t hear any of it.  We luckily sold our … Continue reading →

Posted in Housing | Tagged | 3 Comments