Real estate

Tyler Durden's picture

Yellen, Draghi, Kuroda: Deranged Lab Rats





It’s sad that “we the people” continue to allow deranged captured academics, under the complete command of the banking cabal, to control the destiny of our country. They have failed for 103 years, but we continue to bow down to these central bankers as if they knew what they were doing. They do know how to debase the currency, obfuscate true inflation, prop up financial markets through monetary manipulation, and generate prodigious amounts of propaganda and misinformation to coverup their true purposes. The people will sit idly by until these deranged rats destroy the world.

 
Tyler Durden's picture

Dollar Winning Streak Continues For Fourth Day Pushing Oil Lower; Futures Flat





Following two days of rangebound moves, where Monday's modest market rebound was undone by the Tuesday just as modest decline (despite the early surge higher on the latest "bullish for stocks" European terrorism), overnight equity action continued to be more of the same, and as of this moment S&P 500 futures were unchanged, while European stocks were modestly higher. But while equities remain surprisingly uneventful despite loud warnings by both JPM and Goldman now that another bout of volatility and equity downside is coming, in FX there has been a substantial change, one which has seen the US dollar rise for a fourth day, the longest winning streak in a month, driven by the latest round of hawkish Fed jawboning courtesy of the Chicago Fed's Charlie Evens yesterday, which in turn has pushed down prices of oil, gold and copper.

 
Tyler Durden's picture

"Free" Trade, Jobs, & Income Inequality: It's Not As Easy As We Might Think





Slapping fees on imports (which by the way is illegal in treaties such as the WTO) will not solve the larger problems of reduced employment, stagnant wages and rising income inequality. To make a dent in those issues, we'll need to tackle central bank and central-state policies that have pushed finance and speculative churn to supremacy over the productive economy.

 
Reggie Middleton's picture

"Pfandbriefe", or "It Wasn't Me!": Why Nobody Realizes That Germany Is the Biggest Systemic Risk in the EU





Again, if it smells like a crash, walks like a crash and looks like a crash, why believe anybody who says it's not a crash?

 
Tyler Durden's picture

It's Moved Beyond Vancouver: "Downtown Seattle Has Entered The Phase Of Ponzi Financing"





In the past, the value of a commercial property was "the capitalized value of the stream of rents from that property." In this order of things, occupancy rates (content) mattered. Now, commercial properties are not selling content and value but merely value. Meaning, they are selling a "projected increase in price." Meaning, downtown Seattle has entered the phase of Ponzi financing. "My speculation is that this has been caused by people looking to move their money into the US,"

 
Tyler Durden's picture

The Lego Movie Economy





After the February jobs report, President Obama said “America’s pretty darn great right now.”  He then went on to disparage the “doomsday rhetoric” of the Republicans, which he said was pure “fantasy. I think that there is a good chance that this will enter the Hall of Fame of miss-timed statements, right up there with this jewel from Ben Bernanke in March 2007:  “At this juncture, however, the impact on the broader economy and financial markets of the problems in the sub-prime market seems likely to be contained.”

 
Tyler Durden's picture

Meet Two Of The Men Who Will Determine Whether Trump Becomes President





"I am going to be loyal to Ted Cruz, and I will stick with him until I see if there’s no hope. And if there’s no hope for Ted getting in, as I understand it I can pledge my votes to somebody else, and I would hope Ted would understand."

 
Tyler Durden's picture

The New New 'Deal' - "Markets Are Too Important To Be Left To Investors"





In the same way that FDR had an existential political interest in generating inflation and preventing volatility in the US labor market, so does the US Executive branch today (regardless of what party holds the office) have an existential political interest in generating inflation and preventing volatility in the US capital markets. Transforming Wall Street into a political utility was an afterthought for FDR; today the relative importance of the labor markets and capital markets have completely switched positions. Today, the quote would be "markets are too important to be left to investors."

 
Tyler Durden's picture

9 Signs That 2016 Looks Ominously Like 2008 (Just Before The Crisis)





Given the financial establishment’s astonishingly short-term memory and capacity to make even bigger mistakes than ever before, we now find ourselves in a very similar position today. Once again, the financial system is in desperate condition. And the data is all there for anyone who cares to look.

 
Tyler Durden's picture

Central Bankers' Embarrassment Of Stitches





Had central bankers simply taken to heart that well known idiom that cautions "a stitch in time saves nine" early on, they would not now be so frantically stitching such a gaping gash in the world economy. One thing is for certain. All of this quantitative pleasing has done little to lift the spirits of the world’s worker bees.

 
Tyler Durden's picture

Five Reasons A Trump Presidency Would Be Good For Gold





Initial signs are positive. We have identified five economic policies that Trump supports, which - although they may not necessarily be good America - would almost certainly be good for gold.

 
Tyler Durden's picture

Increasingly Inefficient Bubbles - "The Liquidations In August & January Are Just The Start"





The wealth effect was meant as another of Keynes’ proposed “pump priming” methods, but it, too, has failed to materialize like the others (redistribution). If valuations are to return to a more considered level, economically speaking, the liquidations in August and January would be just the start.

 
Tyler Durden's picture

P2P Property Lending Explodes In China; Officials Panic





“Funds used for down payments cannot be borrowed." You might think that what’s implied there is too bad to be true - even in the increasingly ludicrous world of P2P and marketplace lending. But in fact, P2P lenders in China have indeed been funding down payments on homes, embedding an enormous amount of excess leverage into the market while simultaneously driving up prices in Tier-1 cities.

 
Tyler Durden's picture

Millennials Flee "Three-Alarm" Blaze In Vancouver's "Insane" Housing Market





“Housing in Vancouver is insane — it was insane when I left and it’s more insane now. If you’re trying to do the startup thing full-time, it would have been really difficult with all the expenses.”

 
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