David Haggith: Thirteen Major Fails: a quick rundown of our rundown economy
During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come?
During the Roaring Twenties would anyone have believed you if you told them about the depression and the dust-bowl years that were soon to come?
Pieces of evidence are lining up in increasing density. Potential future homebuyers who need a mortgage have been thinning out for months. Today, another milestone:
This is a time of almost supernaturally-easy money. US financial conditions, in fact, have never been this accommodative, which is why junk bonds, CLOs, NTFs,
If you’re over 40 you’ve lived through at least three epic financial bubbles: junk bonds in the 1980s, tech stocks in the 1990s, and housing
The conventional view of inflation is that it’s not only low, but dangerously low and in need of aggressive stimulus. But that view is increasingly
It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and
Harry Dent, a newsletter publisher who uses demographic trends to forecast market movements, believes that even before covid-19 blindsided the global economy, the US housing
Let’s start by sketching out a rough spectrum of the pandemic’s impact on major industries. At the hellish end of this spectrum is hospitality, where
First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its “longest losing
For the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.”
Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and
Housing bubbles proceed in fairly predictable stages. Stage One is long and (initially) slow, fueled by excess central bank money creation or foreign demand or
Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now
Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as
The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having
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