Housing Bubble

Will Millennials Ever Become A Generation Of Homeowners: BofA Has A Troubling Answer

"While young adults can generally afford housing, there are other constraints including the ability to make a large enough downpayment and tighter credit standards. Lifestyle changes are partly to blame.  These dynamics won't change in the medium-term which should translate to a lower equilibrium pace for single family housing starts."

Reuters Goes To China, Discovers "Ghost Collateral"

"The first time I went, I saw the steel,” recalled Wang, an attorney at Beijing DHH Law Firm, which represents the Shanghai branch of CITIC. "Afterwards, the banker got in contact with me and said, ‘The pledged assets are no longer there"

Who's Really To Blame For America's Accelerating Home Prices?

Fed Chairs Ben Bernanke and Janet Yellen re-blew the Alan Greenspan initiated housing bubble. However, the trend towards higher and higher home prices started well before that dynamic trio made a mess of everything. The following charts show the true origin of escalating home prices...

Goldman Spots An Odd Divergence In Energy

"To put things in context, HY Energy credits have returned 2.3% year to date vs. 3.3% for the broader HY index, while Energy equities are down 9.6% vs. a positive price return of 6.8% for the S&P 500."