Housing Market

GoldCore's picture

“I Can’t Deny It – The Outlook For Gold Isn’t Pretty Right Now”





It is important to note that the current weakness of gold is primarily in dollar and sterling terms. For investors in Canada, Australia, New Zealand and the EU gold is once again acting as a hedge.

 
Tyler Durden's picture

Three Ads That Summarize The Current State Of The Subprime Housing Market





If 2014 was the year that saw the return of No Income, No Job, No Assets (NINJA), and Stated Income, Stated Assets (SISA, or "plug in random numbers") mortgage loan applications, then the current three recent ads shown below, demonstrate just how further down the subprime rabbit hole we have fallen in 2015. One can only imagine what happens in 2016.

 
Tyler Durden's picture

The Politics of Dystopia Redux





In case you have been hibernating, the European Union (EU) is already in a complete state of disarray. Everywhere you look - economy, politics, security, society, demographics - there are very serious problems with no credible solution in sight. This does not bode well for the future of the EU, starting with those who will be living in it.  The EU doesn't need any nationalists to destroy its future prospects. It’s doing absolutely fine on its own.

 
Tyler Durden's picture

The Most Devious Liars In The Room





There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.

 
Tyler Durden's picture

Frontrunning: November 5





  • BOE Stays Cautious on Rate-Hike Timing as Inflation Outlook Cut (BBG)
  • China Enters Bull Market (WSJ)
  • Britain says Islamic State likely brought down Russian plane (Reuters)
  • Dollar jumps as markets fix on December rate expectations (Reuters)
  • Activist Investor Bill Ackman Plays Defense (WSJ)
  • BOJ Survey Data Reveals Signs of Growing Inequality in Japan (BBG)
  • UAW Warns of General Motors Strike If Workers Fail to Approve Contract (WSJ)
 
Tyler Durden's picture

The Truth Arrives: JPM Slams ZIRP - "It Has Been Impeding Rather Than Promoting Economic Recovery"





"zero interest rate policy actually reduces demand in the economy, prompting the Federal Reserve to prescribe even further doses of a medicine that, for a long time, has been impeding rather than promoting economic recovery."

- JPM's David Kelly

 
Tyler Durden's picture

Futures Rebound From Overnight Lows On Stronger European Manufacturing Surveys, Dovish ECB





On a day full of Manufacturing/PMI surveys from around the globe, the numbers everyone was looking at came out of China, where first the official, NBS PMI data disappointed after missing Mfg PMI expectations (3rd month in a row of contraction), with the Non-mfg PMI sliding to the lowest since 2008, however this was promptly "corrected" after the other Caixin manufacturing PMI soared to 48.3 in October from 47.2 in September - the biggest monthly rise of 2015 - and far better than the median estimate of 47.6, once again leading to the usual questions about China's Schrodinger economy, first defined here, which is continues to expand and contract at the same time.

 
Sprott Money's picture

The Most Popular Reasons for Going Down with the Ship





Time and time again, I’m hearing the same sticking points for failing to prepare – for failing to assure a more promising future for themselves and their families.

 
Tyler Durden's picture

The Housing Mega-Bubble Is Definitely Not Different This Time - It's Much More Of The Same





To believe this isn’t a bubble is to believe that all of the hot momo money from insti’s, high/biotech, flipper, flappers, fraudsters, and foreigners buying houses is fundamental and here to stay, which is exactly what everybody thought in 2006. Or, to believe that interest rates will keep falling 1% per year going forward, which would lend an element of support to prices.

 
Tyler Durden's picture

Housing Bubble 2.0: Flipping A Home In These 20 Cities Results In A 102% Average Return





The bottom line: the gross profit from a "flip" in any of these 20 markets will result in an average profit of just over 102% in as little under 7 months. Good luck.

 
Tyler Durden's picture

The Housing Bubble Is Biggest In These Cities





"House prices have decoupled most from local incomes in Hong Kong, London, Paris, Singapore, New York and Tokyo. Buying a 60-square-meter apartment exceeds the budget of most people who work even in the highly-skilled service sector. Loose monetary policy has prevented a normalization of housing markets and encouraged local bubble risks to grow"

 
Tyler Durden's picture

7 Astounding Charts Show How Badly The Fed Failed The Housing Market





For generations, single family housing development was a driver of US economic growth. Today, there is no single family housing industry to speak of. These 7 charts derived from this week’s release of new house sales data from the Census Bureau illustrates just how bad things are.

 
GoldCore's picture

London Property Bubble Set To Burst - UBS and Deutsche Warn





A bursting of property bubbles in London and New York would be expected to have an impact on national economies and indeed on national property markets. Sentiment would be badly impacted. Caution should be the order of the day.

 
Tyler Durden's picture

Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi





Fearing the size of Mario Draghi's bazooka (so to speak), Sweden's Riksbank has just expanded QE by SEK65 billion, marking the fourth expansion in nine months and serving notice that the beggar-thy-neighbor, monetary madness gripping DM central banks isn't likely to dissipate anytime soon.

 
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