Tag Archives: Housing Bubble

The Economist Gets It…

Posted on January 5, 2013 by macromon

That is, why governments need asset bubbles as the average real wage falls.   See our post, America’s Bubble Dependent Economy. This also goes a long way in explaining the reelection of President Obama even with stubbornly high unemployment and a weak … Continue reading →

Posted in Policy, Politics | Tagged , , | Leave a 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

China Real Estate Prices Fall in November

Posted on December 21, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, China | Tagged , , | 1 Comment

China’s Deflating Housing Bubble

Posted on December 12, 2011 by macromon

Much of China’s rapid credit — 33 percent in 2009 — as part of its massive stimulus program was directed into nonproductive sectors.   Balance sheet risks have increased.   Sound familiar? This could be next year’s big bad story.    Commodities … Continue reading →

Posted in Black Swan Watch, China, Commodities | Tagged , , | 1 Comment

One Factor Behind the High U.S. Unemployment Rate

Posted on November 1, 2011 by macromon

The following chart is the most recent sixty-five-nation Program for International Student Assessment (PISA), which shows the United States came in 15th in reading, 23rd in math and 31st in science.  This is one of the factors driving the high … Continue reading →

Posted in Budget Deficit, Economics, Employment | Tagged , , , | 1 Comment

Germany Rising – Keine Gehäuse Bubble

Posted on February 7, 2011 by macromon

The latest Economist reports the Germans are the most optimistic they have been since 2000 and business confidence is at its highest level  since the Ifo institute began tracking it 20 years ago.    The Economist writes, What’s Germany’s secret? … Continue reading →

Posted in Economics, Euro, Geopolitical, Sovereign Debt, Sovereign Risk | Tagged , , | 2 Comments