Tag Archives: Housing

China Obsessed With Wealth Effect

We discussed the increasing role of the “wealth effect” in U.S. monetary policy and a key driver of aggregate demand in out last post,  The Gold-Bond Correlation And Other Macro Observations. Nothing compared to China, however. Why are investments so … Continue reading

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A Recovery in China’s Housing Sector? – Stratfor

Stratfor Economy Analyst Mark Fleming-Williams and East Asia Analyst John Minnich discuss how China’s economy continues to slow despite an uptick in housing markets in some cities. For more analysis, visit: http://www.Stratfor.com (click here if video is not observable)

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London rents squeeze the young – FT

The soaring cost of London living is pushing the finances of young people to the brink. Katie Morley reports on how a number are now starting to question how much longer they will be able to call the UK capital … Continue reading

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If Houses Traded Like Bonds

As the 10-year Treasury yield approaches 3 percent let’s take a look at the recent spike in mortgage rates and its micro impact on the housing market and average home buyer. The chart below shows 30-year fixed mortgage rates have … Continue reading

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Stratfor: Global Effects of China’s Real Estate Lending

You think housing is an important sector in the U.S.? Stratfor reports real estate accounts for 14% of China’s GDP and housing construction is the source of 48% of the country’s steel consumption. Stratfor East Asia analyst John Minnich examines … Continue reading

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Mr. Irrational Exuberence on U.S. Housing

Remember,  it was Yale prof. Robert Shiller who was the original source of the term “irrational exuberance” and not, as everyone thinks,  Mr. Greenspan (see here).    His opinions are worth a listen as he nailed the top in both the stock … Continue reading

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Construction Employment Starting to Rebound

Though payrolls came in just below expectations, one positive take away from this morning’s data was the 30 thousand increase in construction jobs.   Almost all of the increase was in residential.   These are relatively well paying jobs compared to … Continue reading

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Charlie Rose: Joe Stiglitiz, Housing’s Not Coming Back

Professor Stiglitz’ Nobel credentials really shine with his current understanding of the U.S. economy in this interview with Charlie, which took place last month.  They discuss many issues,  including LIBOR,  derivatives,  European banks,  too big to fail, the fiscal cliff, … Continue reading

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Apple, housing, and this merde market

Merde markets! We had a plan to unload our longs (mostly Apple) in the pre-market or at the open.  We were expecting some follow through from yesterday’s ramp but didn’t think it would hold.  We were lucky enough to get … Continue reading

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Real Chance of Japan-like Housing Slump – Robert Shiller

Robert Shiller, who coined the term “irrational exuberance,” is one of our favorite economists.   He really nails it here on the structural shifts taking place in housing.   We agree there is a generational change going on in the sector where … Continue reading

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