Category Archives: Housing

Picture of the Day: Spain’s Real Estate Bust

Posted on March 23, 2012 by macromon

Apartment blocks in Sesena in the Toledo Provence near Madrid, Spain, seen on February 9, 2012. Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and … Continue reading →

Posted in Black Swan Watch, Housing, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

China Real Estate: “Prices Will Fall By 50%”

Posted on March 17, 2012 by macromon

Sound familiar?  Keep this one on your radar. NTD Television writes, Chinese real estate has been seen as such a quick and lucrative investment that a special term, “chao fangzi” or “stir-frying houses,” was invented to describe property speculation. But … Continue reading →

Posted in Black Swan Watch, China, Housing | Tagged , | 4 Comments

They’re Back………………

Posted on February 29, 2012 by macromon

Well, not really.  A good friend of the Global Macro Monitor sent this over yesterday, which reflects a modified version of the mortgages that drove the Housing ATM and economy before the bust.    You can now refinance your home up … Continue reading →

Posted in Housing | Tagged , , | 2 Comments

California Underwater

Posted on February 27, 2012 by macromon

Is this fulfillment of the prophecy that California will fall off into the ocean?  Just askin’. Stunning that 29 + percent of all mortgages in the state are underwater. (click here if chart is not observable)

Posted in Bonds, Housing | Tagged , | 1 Comment

Current Housing Bust Much Worse Than Great Depression

Posted on February 22, 2012 by macromon

Great chart from the recently released Economic Report of the President.  We suspect the Great Depression housing bust didn’t have the government props to soften the blow as we do today,  which,  therefore, on a relative basis,  makes the current … Continue reading →

Posted in Black Swan Watch, Bonds, Housing | Tagged , , , | 5 Comments

History of Real Housing Prices

Posted on December 27, 2011 by macromon

Wow!  This chart reprinted by The Atlantic brings flashbacks. We recall showing the Robert Schiller chart to many of our friends warning of a massive bubble and potential economic collapse.  They wouldn’t hear any of it.  We luckily sold our … Continue reading →

Posted in Housing | Tagged | 3 Comments

China’s Property Bust Could “Fatally Impact” the Economy

Posted on December 26, 2011 by macromon

Keep this on your 2012 radar. (click here if video is not observable)

Posted in China, Housing | Tagged , , | 1 Comment

China’s Financial Architecture

Posted on December 19, 2011 by macromon

Here’s what we will be reading over the holiday,  Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise, which Bloomberg named as one of the top business books of 2011.  Our sense is China’s financial sector will be on … Continue reading →

Posted in China, Housing, Inflation/Deflation | Tagged , , | 1 Comment

Occupy Harvard, Columbia, & Berkeley

Posted on October 19, 2011 by macromon

Here’s a piece we posted last November which has relevance to those who are camped out in lower Manhattan and their Occupy Wall Street offshoots around the country and world.  We’ve changed the source of the video as the old … Continue reading →

Posted in Black Swan Watch, Geopolitical, Housing, Politics | Tagged , , , | Leave a comment

U.S. Economy Stuck in a Dog House

Posted on October 12, 2011 by macromon

We stumbled upon this interesting chart from the Financial Stability Oversight Council’s 2011 Annual report which shows the share of owner equity in household real estate.  It surprised us, not so much in that it is at record lows, but … Continue reading →

Posted in Black Swan Watch, Demographics, Economics, Employment, Housing | Tagged , | Leave a comment