Real estate

Tyler Durden's picture

Jim Grant: "Make America Solvent Again"





$13,903,107,629,266. Can the nation afford this much debt? This much we have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.

 
Capitalist Exploits's picture

Wishes Aside, Gold Is Going To Fly





“If you don’t own gold, you know neither history nor economics.” – Ray Dalio, Founder Bridgewater Associates

 
Tyler Durden's picture

The Tragedy Of America's Bull Market Culture





The middle class in America forgot all about the importance of savings and frugality and instead bought into the lie that one’s future would be “taken care of” if only it threw its money into the stock market.

 
Tyler Durden's picture

Denmark, Belgium, Now The Netherlands: Negative Mortgage Rates Spread Across Europe





"Unless a miracle happens and the European and Japanese economic cadavers suddenly sit up and rub their eyes, central banks will eventually have to give up and admit defeat. The hope will be that not too much damage has been inflicted.... But that is central banking for you, in the era of leverage: take from the savers and give to the borrowers in the hope that they will "do something".Not so far, they’re not … they’re just punting it on real estate."

 
Tyler Durden's picture

China - A Reversal Of Urbanization?





Since modern-day “policymakers” are averse to allowing even the slightest bit of economic pain to materialize (except if the countries concerned are small and helpless, such as Greece), they have implemented unprecedented monetary pumping and debt expansion to hold recessions at bay. China’s planners have been especially diligent in this respect, misallocating resources in truly grand style and leaving the country buried in a pile of unsound debt. The combination of demographic and economic challenges the country now faces means that more than just a small hicc-up is probably in store, even though the timing of the denouement remains uncertain.

 
Tyler Durden's picture

"It's Turning Into A Ghost Town" - One In Five Calgary Offices Is Now Empty





As a result of the ongoing collapse of the Alberta energy economy, CBRE Canada estimates that Calgary's downtown office vacancy rate was 20.2% as of March 31, nearly twice as high as the 11.8% a year ago. This means that one in five offices is now vacant.

 
Tim Knight from Slope of Hope's picture

Wee Willie Winkle





One would assume that with this kind of evidence, the two chaps being accused would be a little short of plausible excuses. But - nope! - there's one handy, and boy, is it a doozy.

 
Tyler Durden's picture

The Curious Story Of The Chinese Tycoon Found "Chopped Up Into 100 Pieces" In A Vancouver Mansion





Two days ago we introduced you to "the rich kids of Vancouver." We now introduce you to someone who may be one of these rich kids' dad. Or rather was, because Gang Yuan, a 42-year-old mining tycoon is no longer alive. His corpse was found chopped into 100 pieces in his Vancouver home.

 
Tyler Durden's picture

Wells Fargo Finally Reveals Its Dire Energy Exposure: $32 Billion To Junk-Rated Oil And Gas Companies





The punchline in Wells Fargo's earnings report is in the reminder of just how generous Wells has been in lending to junk-rated oil and gas companies in the recent past to compensate for its eclining NIM: Wells reported that ~22%, or $8.8 billion, of exposure to investment grade companies, which means $32 billion is to junk-rated companies!

 
Tyler Durden's picture

State Of Fear - Corruption In High Places





"It’s a story of intrigue, corruption and multiple murders, stretching from the streets of Malaysia’s capital Kuala Lumpur, to Switzerland, France and the US as well as Hong Kong and Singapore, all the way to Australia’s doorstep."

 
Reggie Middleton's picture

The Bearish Case Against Oil Gets... Bearier...





Bears vs Bulls, Buyside vs. Sellside and shorting oil with the USDEUR pair through the blochchain because of EU bank exposure and a NIRP-happy ECB.

 
Tyler Durden's picture

According To This Beige Book The Fed Should Be Hiking Rates Now





The summary: modest to moderate growth, increasing consumer spending, stronger labor market conditions, improving labor market conditions, and most importantly, rising wages almost across the board. And virtually no mention of "global" conditions (and certainly no mention of China). So what excuse will the Fed use not to hike in April again?

 
Tyler Durden's picture

"My Daddy’s Rich And My Lamborghini’s Good-Looking": Meet The Rich Chinese Kids Of Vancouver





Meet Andy Guo, an 18-year-old Chinese immigrant, who loves driving his red Lamborghini Huracán. He does not love having to share the car with his twin brother, Anky. "There’s a lot of conflict," Mr. Guo said, as a crowd of admirers gazed at the vehicle and its vanity license plate, “CTGRY 5,” short for the most catastrophic type of hurricane.  Or Diana Wang, 23,  who thinks a supercar is a poor investment, because its value decreases over time. "Better to spend half a million dollars on two expensive watches or some diamonds."

 
Tyler Durden's picture

The New Middle Kingdom Of Concrete And The Red Depression Ahead





Massive borrowing to pay the interest is everywhere and always a sign that the the end is near. The crack-up phase of China’s insane borrowing and building boom is surely at hand.

 
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