|
 Canada Real Estate Slump Only Just Beginning
By Patrick in Menlo Park CA 94025 posted 16 minutes ago:
http://www.bloomberg.com/news/ Canadas housing slump has only just begun and it is premature to say the market will have a so-called soft landing, said David Madani, an economist at Toronto-based Capital Economics Ltd. We dont expect... |
|
|
Houseeowners are no happier than renters
By Patrick in Menlo Park CA 94025 posted 19 minutes ago:
http://www.latimes.com/news/op Imagine that you woke up tomorrow morning to discover $1 million under your mattress. Leaving aside the obvious lumpiness issue, take a moment to think: What would you do with that cash? If you're... |
|
|
We're drowning in central banking
By Patrick in Menlo Park CA 94025 posted 31 minutes ago:
http://blogs.marketwatch.com/t We’re drowning in central banking right now and quantitative easing. That’s where the bubble is. It’s not going to end any time soon until there are some negative consequences … One of the problems... |
|
|
Free Patrick.net Bumper Stickers
By Patrick in Menlo Park CA 94025 38 comments, latest 12 hours ago:
Patrick says Could be. But they also pick on some other seemingly random threads. |
|
|
From Brooklyn to California, Housing Bubble Threat Grows
By Patrick in Menlo Park CA 94025 16 comments, latest 21 hours ago:
E-man says mell says I am more interested in the question as to why there would be so much demand? @mell, The hedge funds and private equities are not playing this game in the Bay... |
|
|
Signs of new housing bubble in several areas
By Patrick in Menlo Park CA 94025 39 comments, latest 23 hours ago:
JodyChunder says jvolstad says (I love Souper Salad for lunch) No salad... |
|
|
Housing Starts in U.S. Fell in April to Five-Month Low
By Patrick in Menlo Park CA 94025 7 comments, latest 1 day ago:
Tim Aurora says Patrick says Exactly! This canard is used over and over to fleece the sheeple. Once again it is from the link that was posted to tout the "housing is in depression". So... |
|
|
Disconnect - Soaring Markets, Troubled Economies
By Patrick in Menlo Park CA 94025 posted 1 day ago:
http://rense.com/general96/dis What can't go on forever, won't. What's going on now defies reason. Disconnect barely explains it. US equity markets hit record highs. So did Germany's DAX. Japan's Nikkei reached a five and a half... |
|
|
Housing market showing signs of bubbling
By Patrick in Menlo Park CA 94025 2 comments, latest 1 day ago:
EastCoastBubbleBoy says Which norm? The norm from 2000-2004? Or the more longer term norm (which you can get from a graph of the Case Shiller index- I can't find the link handy). I'm just wondering... |
|
|
Taxing Vacant Property
By Patrick in Menlo Park CA 94025 5 comments, latest 1 day ago:
thomaswong.1986 says fedwatcher says If interest on a mortgage is deductible than why not the interest on a motor home loan or a boat loan? Interest deductions were made as 'tax relief' measures when rates... |
|
|
Fed hawks call for retreat from mortgage stimulus
By Patrick in Menlo Park CA 94025 posted 1 day ago:
http://www.reuters.com/article Federal Reserve Bank of Dallas President Richard Fisher speaks about the concept of breaking up 'too big to fail' banks to a breakout group at the Conservative Political Action Conference (CPAC) in National Harbor,... |
|
|
Would shorter amortizations make the housing market safer?
By Patrick in Menlo Park CA 94025 12 comments, latest 2 days ago:
robertoaribas says Patrick says It would be safer for everyone for their to be no downpayments all all, only cash or FU. Prices would be much lower and responsible people who save could pay cash.... |
|
|
Rising & Falling House Prices in the USA
By Patrick in Menlo Park CA 94025 1 comment, latest 4 days ago:
Tim Aurora says This is a three year graph during the recession. I would like to see a recent 3-6 month graph |
|
|
The Long and the Short of Household Formation
By Patrick in Menlo Park CA 94025 posted 5 days ago:
http://www.ritholtz.com/blog/2 Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said... |
|
|
Is the Canadian Housing Market Falling Apart?
By Patrick in Menlo Park CA 94025 1 comment, latest 6 days ago:
sam1 says The late-payment rate on otstanding mortgages in Canada is around 0.33% IIRC. Compare to around 5% in the US... As long as that figure is under 1-2% you can't talk of a crash.... |
|
|
Full Recourse Loans Won't Save Canada's Housing Market
By Patrick in Menlo Park CA 94025 1 comment, latest 6 days ago:
C Boy says Rational borrowers will reduce consumption Hmmm...I wonder what will happen to the Canadian economy if all of its borrowers turn out to be rational? |
|
|
N.Z. Housing Market May Warrant Interest-Rate Rises, IMF Says
By Patrick in Menlo Park CA 94025 1 comment, latest 6 days ago:
APOCALYPSEFUCK is Shostakovich says There is no reason any 3/2 in Whangarei can't be a seven- or eight-figure property. The IMF hates Freedom! |
|
|
Keynes was, incredibly, right about the future
By Patrick in Menlo Park CA 94025 1 comment, latest 6 days ago:
FunTime says The first comment is a helpful illustration of the difficulty of recognizing the problemPeople consider wanting more so essential they think the problem is nothing enough. Not to say some people don't have... |
|
|
In the Long Run, Niall Ferguson, Keynes Was Right
By Patrick in Menlo Park CA 94025 posted 1 week ago:
http://www.bloomberg.com/news/ Regrettably, Ferguson isn't the only person to suggest that Keynes's analysis should be discounted because of his personal qualities. In 2008, N. Gregory Mankiw, the chairman of the Harvard economics department (and a senior... |
|
|
Why investors cannot imagine the end of the bond market
By Patrick in Menlo Park CA 94025 posted 1 week ago:
http://blogs.wsj.com/totalretu Yet fewer than 7% said that “identifying the bond investments that are right for you” would be a major focus for them over the coming year – and 60% said they wouldn’t focus on... |
|
