Real estate

Reggie Middleton's picture

The Question Is Not Is Deutsche Bank the Next Lehman, It's "Is Lehman the Face of Banking in the Future





Is Deustche Bank the next Lehman is likely the wrong question to be asking. Is Lehman the template for European banking may be more to the point. Take it from the guy that called the Lehman debacle 5 months before the fact.

 
Tyler Durden's picture

Greenspan Dashes Recovery Hopes: "Housing Stagnation Is Here To Stay"





Ten years ago this week, Alan Greenspan made his infamous comment about signs of 'froth' in the housing market. A decade later, CNNMoney's Cristina Alesci sat down with the Former Federal Reserve Chairman and got his perspective on real estate. It's stuck in a rut, or as he puts it, "we haven't come out of the bottom [of the housing collapse], we are in a secular stagnation."

 
Tyler Durden's picture

Producer Prices Jump MoM Most Since Sept 2012 Driven By Higher Energy Costs





Producer Prices Final Demand rose 0.5% MoM - the biggest monthly rise since September 2012. With the gasoline index up a stunning 17% (but but but) 80% of the broad-based advance is attributable to prices for final demand energy - which increased 5.9%. In contrast, Final Demand PPI YoY Ex Food & Energy dropped to +0.6% - the lowest on record in the short time series.

 
Tyler Durden's picture

The Fed Is Funneling The Investing Herd Off A Cliff





Once you funnel everyone into risk assets and then mask the risk to generate complacency, you guarantee a bidless market when risk reappears.

 
testosteronepit's picture

Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut





Unsold new condos spike to all-time record. Industry in denial.

 
Tyler Durden's picture

How Obama Will Centrally-Plan Your Neighborhood: Here Comes The "Affirmatively Furthering Fair Housing" Rule





Because centrally-planning the market and the double seasonally-adjusted economy was not enough, the Obama administration is now set to create a wealth-adjusted community utopia. According to The Hill, the administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, such as building affordable housing in more affluent areas. The name of Obama's latest proposal to have the government centrally-plan your community? The Affirmatively Furthering Fair Housing rule. A name that only the person who penned the US Freedom Act could have come up with.

 
Tyler Durden's picture

The Rich Have Never Been Richer: US Household Assets Hit $99 Trillion





Moments ago the Fed's latest Flow of Funds report confirmed what the Philly Fed noted recently (and what blogger and Citadel trader Ben Bernanke vehemently denies): that the Fed keeps making America's uber rich ever richer, when in the first quarter thanks mostly to yet another $1.1 trilion increase in the value of financial assets (read stock market), the asset holdings of US households (or at least a very small subsection of them) rose by $1.6 trillion to a record $99 trillion.

 
Tyler Durden's picture

Frontrunning: June 11





  • Pope urges Putin to make 'sincere, great effort' for Ukraine peace (Reuters)
  • Merkel Tells Tsipras It’s Time to Back Talk With Policy Action (BBG)
  • 'Greek tragedy' needs happy ending now: EU's Moscovici (Reuters)
  • Vulture Funds Circle Greece Targeting Europe’s Best Trading Bet (BBG)
  • Germany against third aid program for Greece under any circumstances, says daily (Reuters)
  • Biggest OPEC Members Pump Record Oil With Rally in Jeopardy (BBG)
  • Greek ruling reversing pension cuts will cost state 1 to 1.5 bln euros (Kathimerini)
  • China’s Former Security Chief Zhou Yongkang Sentenced to Life in Prison (WSJ)
  • MSCI backs itself into corner on China share inclusion (Reuters)
 
Tyler Durden's picture

Futures Flat As Latest Greek Euphoria Questioned; Chinese Economy Bounces In Night Of Rate Cuts





It has been a mostly quiet overnight session with Europe solidly green on another bout of Greek hope even as Bundesbank's Weidmann warned that Greek insolvency risks are rising and Greece reporting that its unemployment rose once more from 26.1% to 26.6% in Q1, in which we got two more rate cuts by New Zealand (which sent the Kiwi crashing the most since 2011) and South Korea (the Won initially dipped only to rebound) but China stole the stage with its latest report on retail sales, industrial production, and fixed investment all of which showed a modest bounce from multi-year lows suggesting the PBOC's attempts to shock the economy into growth may be starting to work (which is bad news for the market).

 
Tyler Durden's picture

Peter Schiff Warns This May Be The First Bubble To Burst Without A Pin





The current bubbles are so large and fragile that air is already coming out with rates still locked at zero. However, unlike prior bubbles that pricked in response to Fed rate hikes, the current bubble may be the first to burst without a pin. It appears the Fed fears this and will do everything it can to avoid any possible stress. That is why Fed officials will talk about raising rates, but keep coming up with excuses why they can’t. Larry Lindsey will be right that the markets will eventually force the Fed to raise rates even more abruptly if it waits too long to raise them on its own. But he grossly underestimates the magnitude of the rise and the severity of the crisis when that happens. It won’t just be the end of a raging party, but the beginning of the worst economic hangover this nation has yet experienced.

 
Capitalist Exploits's picture

This Country Offers More than Just Discounted iPads





Everyone likes to buy things at a discount, right?

 
Tyler Durden's picture

This Time Is Different: Miami Condo Prices Flatline For First Time In Six Years





Miami condo price appreciation has flatlined for the first time in at least six years as a strong dollar weighs on foreign demand. But don't worry, "this is a different market. You're not going to have a bubble burst". 

 
Tyler Durden's picture

European Stocks Suffer Longest Losing Stretch In 2015; US Futures Down





After a quiet Asian session, where not even the latest Chinese CPI miss was enough to push the SHCOMP to new multi-year highs, all eyes were on Europe where a few hours ago the European Commission announced it had received not one but two new proposals from Greece with the Greek government adding that it considers proposals submitted last week as remain basis for political negotiations. However, barely had Europe received the Greek addenda when it nein'ed all over them, with BBG citing an international official directly involved in talks saying that the "Greek government's revised proposal to unlock bailout funds is vague rehash of earlier plans, not considered credible."

 
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