Real estate

Tyler Durden's picture

The Global Liquidity Squeeze Has Begun





The entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system. Unfortunately, any system based on debt is going to break down eventually, and there are signs that it is starting to happen once again.

 
Tyler Durden's picture

Modern-Day Monetary Cranks and the Fed's "Inflation" Target





The science of economics has taken a decidedly wrong turn sometime in the 1930s. In the field of monetary science specifically, sober analysis has given way to broad-based support of central economic planning, with both policy makers and their advisors seemingly trying to trump each other with ever more lunatic proposals.

 
Tyler Durden's picture

2007 All Over Again? Let Us Count The Ways (And Remember What Happened Then)





Extreme optimism - whether in the form of stock valuations, consumer spending, or happiness surveys like the one mentioned below - tends to be followed by corrections; because to get to an extreme point in a data series, extreme behavior is usually required. That is, a lot of really optimistic investment decisions have to be made to push financial markets to cyclical highs, and these kinds of moves tend to exhaust themselves and produce big moves in the other direction. Hence the 2008 low following the 2007 high.

 
Tyler Durden's picture

Men Go Mad In Herds





Central bankers in the U.S., Europe and Asia have created another massive bubble. This time it is a bubble in stocks, bonds and real estate simultaneously. There is no place to hide. But we’d put my money on war, chaos, and revolution. There will be no impunity for our gambling.

 
Tyler Durden's picture

Is May 9 The Grexit Date?





Greek FinMin Varoufakis is meeting sovereign debt lawyer Lee Buchheit today, the ‘fairy godmother to finance ministers in distress’... The big questions concern not just the difference between on the one hand, economic issues and on the other, political ones. Syriza doesn’t have the mandate to take Greece out of the eurozone. That is a huge point. But neither does it have the mandate to give in to the troika’s insistence on pensions cuts. At a certain moment, it may come down to what can be explained to the Greek people, and how well it can be explained. This explanation will almost certainly have to come after the fact, since holding a referendum pre-Grexit would carry far too much potential risk of uncontrolled demolition of the entire Greek economy and banking system.

 

 
Tyler Durden's picture

BofA "Explains" Why Optimistic Economist Forecasts Have Been So Wrong In The Past 5 Years





  • 2010: The first full year of the recovery was a growth recession with a collapse in inventories (after the restocking was complete), and continued private sector deleveraging.
  • 2011: There were a series of events, including the Japanese tsunami, spike in oil prices and US debt downgrade by S&P.
  • 2012: The crisis in the Eurozone intensified with concerns over a Greek exit and a breakup of the Eurozone. The policy response abroad was lackluster and there were concerns of another financial crisis.
  • 2013: The combination of the sequester, debt ceiling fight and government shutdown created an environment of heightened uncertainty and fiscal restraint.
  • 2014: The polar vortex delayed economic activity and led to a permanent loss of growth.
  • 2015: Rapid appreciation of the dollar and heightened uncertainty about the winners and losers from plunging oil prices has hurt growth. A small part of the weakness may be related to the weather and the dock strike.
 
Tyler Durden's picture

Frontrunning: April 17





  • Fed Shies Away From June Rate Hike (Hilsenrath)
  • Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop (BBG)
  • China Futures Tumble on Trust Curbs, Expansion of Short Selling (BBG)
  • Oil slips below $64 as ample supplies weigh (Reuters)
  • Fed officials lean all ways on rate hikes, data in focus (Reuters)
  • Eurozone deflation eases in March (FT)
 
Tyler Durden's picture

How Children Of The 0.001% Choose Their College





Why endure a five-hour drive from Manhattan to Cornell in a rental car, when for just $150,000 you can undertake a 12-leg American college tour in the comfort of your own Gulfstream G200? As The NY Post reports, "dozens of families are taking advantage of the convenience by visiting colleges this way," which includes introductions to "high-profile alumni," such as athletes and successful businesspeople. It seems to us that everyone should have this opportunity - free private-jet college tours for all!

 
GoldCore's picture

U.S. And Global Property Bubble Fears Mount





A “soft landing” is unlikely. 

 
Tyler Durden's picture

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace





Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Now, with oil prices still in the doldrums, oil producers are selling off their USD assets in a frenzy threatening the viability of petrocurrency mercantilism and effectively extracting billions in liquidity from the system just as the Fed prepares to hike rates.

 
George Washington's picture

The Enormous Differences Between Jeb Bush and Hillary Clinton





One Is a NeoCon Warmongering Crook ... The Other Is a NeoLib Warmongering Crook. See?? Totally Different!!!

 
Tyler Durden's picture

71 Mentions Of "Weather" In The Latest Fed Beige Book





There were the usual trite, forgettable highlights in the just released beige snow book, which as summarized by Bloomberg, had the following highlights:

FED: ECONOMY EXPANDED IN MOST REGIONS MID-FEB. TO END-MARCH;  HIGHER RETAIL SALES REPORTED BY MAJORITY OF REGIONAL FED BANKS; BEIGE BOOK: LABOR MARKETS STABLE OR SHOWED MODEST IMPROVEMENT; REGIONAL FEDS NOTED MODEST UPWARD WAGE AND PRICE PRESSURE;

One can ignore all of the above, because the only word that matters in the latest beige book was one: "Weather"

 
GoldCore's picture

Martin Armstrong - Gold Bullion To “Max Out At $5,000 Per Ounce”





* Fall 2015 turning point - civil unrest and riots globally says forecaster Armstrong
* European banks will collapse and “blood in the streets”
Advocates diversification and holding bullion coins familiar to public such as $20 gold coins
* “Your portfolio has got to include everything … including bullion”

 
Tyler Durden's picture

China GDP Tumbles To Lowest In 6 Years Amid Quadruple Whammy Of Dismal Data





A month ago we warned "Beijing, you have a big problem," and showed 10 charts to expose the reality hiding behind a stock market rally up over 100% in the last year. Tonight we get confirmation that all is not well - China GDP fell to 7.0% (its lowest in 6 years) with QoQ GDP missing expectations at +1.3% (vs 1.4%). Then retail sales rose 10.2% YoY - the slowest pace in 9 years (missing expectations of 10.9%). Fixed Asset Investment rose 13.5% - the lowest since Dec 2000 (missing expectations). And finally Industrial Production massively disappointed, rising only 5.6% YoY (weakest since Dec 2008). Finally, as a gentle reminder to the PBOC-front-runners, a month ago Beijing said there was no such thing as China QE (and no, the weather is not to blame.. but the smog?).

 
Syndicate content
Do NOT follow this link or you will be banned from the site!