Housing Prices

"Friends Don't Let Friends Buy VIX"

"You know a trade is getting crowded when my parents start asking about it.  You know just how one sided something is when people think that even Chuck Norris can’t make money buying vol... I think selling VIX is very crowded and fraught with danger."

Passport Global Slammed With Over 60% In Redemptions In Q2

"For the second quarter, the Fund had net outflows of $480 million. Firm-wide, net outflows (not including the Long Short hedge fund strategy liquidation, effective 4/30/2017) totaled approximately $565 million. At quarter-end, net of June 30th redemptions, Fund assets stood at $275 million and Firm assets totaled approximately $900 million."

China's Minsky Moment Is Imminent

Everything you wanted to know about the looming bursting of the world's biggest credit bubble, but were afraid to ask...

The New "Supply-Side Economics" Fueling Asset Bubbles

No, we are not talking about President Reagan’s supply-side economics... We now have a new kind of supply-side economics, just the opposite of Reagan’s, which effectively restricts, removes and shifts the supply curve to the left, increasing prices and fueling asset bubbles in risk-free bonds, stocks, and housing.

Slowdown In China's Tier 1 Housing Market Accelerates; First Beijing Price Drop Since 2015

China's overall housing market remained resilient in June according to official NBS data on Tuesday, even as the decline in Tier 1 cities accelerated and home prices in Beijing fell for the first time in more than two years, while Shanghai declined further and Shenzhen stalled, pointing to significant cooling in China's biggest real estate markets.

Canadian Home Sales Crash In June

The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline.