Housing Bubble

5 Reasons Why Austrian Economics Is Better Than The Mainstream

Mainstream economics is fraying at both ends. At one end, heterodox and Austrian economists keep pulling on loose strands: pointing out the inconsistencies, failures, and absurdities of their unrealistic models. At the other end, top mainstream economists and mouthpieces are doing the same, but with a touch of deflection and embarrassment.

"The Deals Are Collapsing" - Vancouver's Housing Bubble Has Burst

As a new dawn breaks in Metro Vancouver’s real estate market, realty companies are reporting the first anecdotes of deals falling through as foreign buyers forfeited deposits on binding deals rather than pay the new tax, while local buyers withdraw offers in expectation that the market will tumble. In short: the Vancouver housing bubble has burst.

The Car Bubble... And Cash For Clunkers II?

The economic backwash of too-expensive new cars and the reappearance in the marketplace of affordable alternatives (good used cars) is causing sales of new cars to wilt, probably precipitously, as invariably happens in a Boom Bust cycle. The car industry will squeal for help from Uncle Sam – just like back in the early 2000s. And Uncle will be happy to oblige, as he always is... But Uncle’s “help” always comes at a cost.

D-Day For Australia's Real Estate Bubble?

This rotting shack in Sydney and its tiny plot of land sold for nearly $1 million in May of 2014 – more than two years ago. Since then, house prices in Australia have increased even further. Yes, it is an insane bubble, no doubt about it... and now, it appears, the banks are finally realizing, and are pulling back.

There Is No Asset Bubble?

Does an asset bubble currently exist? Ask anyone and they will tell you “NO.” However, maybe it is exactly that tacit denial which might just be an indication of its existence.

Ron Paul: "Americans Are Going To Be Disappointed" In Election Outcome

Clinton does not understand that a policy of endless interventionism has brought us to our knees and made us far weaker. Does she really expect us to be the policemen of the world with $20 trillion in debt? Likewise, Republican candidate Donald Trump misses the point. He promises to bring back jobs to America without any understanding of the policies that led to their departure in the first place.