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Real Estate According to PIMCO / By Ramsey Su / April 16, 2014

Real Estate According to PIMCO

A friend sent me this PIMCO article recently, titled “How to Make Housing Safe for Private Capital“.

This is a very “insightful” article about how the sub-prime bubble was allowed to happen and how it will happen again. Here, Douglas [...]

Baffle With Fake BS: Chinese Q1 GDP Beats And Misses At The Same Time / / 04/15/2014 22:12 -0400

In keeping with the tradition of Chinese data being fully Schrodingerized, not to mention completely goalseeked and fake, moments ago China reported that its GDP for the quarter which ended 15 days ago has not only been compiled and analyzed, but somehow once again it both beat and [...]

How I Intend to Survive the Meltdown of America / April 14, 2014 / Louis James, Chief Metals & Mining Investment Strategist

As I type here in my new home office, I glance up and see waves of Caribbean blue crashing on the palm-lined beach. Surfers are out in force. Scattered clouds add to the already amazing variety of colors in the ocean. [...]

Cold War 2 – Setting Up for the Fall – Putin Staring into the Eyes of a Dead Corpse? / By Martin Armstrong / April 10, 2014

The Cold War Part 2 with Russia, as always, demonstrates why we should banish lawyers from politics because they are incapable of understanding international capital flows that diminish their power. In studying law, I can tell you it is very black and white. You write a [...]

What does $500,000 buy you in Southern California real estate? A look at Culver City, Pasadena, and Riverside. / Dr. Housing Bubble / 9 Apr, 2014

We have a large readership from California but also many others that simply enjoy peeking into the mania that is SoCal real estate. It must appear to an outsider that all Californians ever think about is buying, selling, and flipping real estate. During certain periods of [...]

Bitcoin for Rent – Real Estate Transaction Completed in NYC’s NoLita Neighborhood for BTC / By Michael Krieger / April 7, 2014

I’m currently at the Javits Convention Center in New York City attending the Inside Bitcoins Conference. In keeping with the spirt of the day, I want to highlight this story of a NYC resident who just completed a real estate rentaltransaction entirely in Bitcoin.

While I [...]

Trend Analyst: “Yes, There Will Be Riots In Major Cities” / Mac Slavo / April 6th, 2014

If you’ve watched a documentary about America’s economic situation in recent years there is a strong chance it was produced by Daniel Ameduri of Future Money Trends. He’s covered topics that include everything from the massive college debt bubble and the future of real estate, to water [...]

Elite Psychopathy: FIRE Everything and Forget the Future / By Andrew McKillop / April 3, 2014

Oh, that feeling of being lied to that most of us had all those years – well it’s safe to say it’s not just a feeling any more.

Think of all the wonderfully dressed financial ‘experts’ we’ve seen on our televisions over the last seven years, [...]

What Makes a Market Top? / By Pater Tenebrarum / April 2, 2014

A New Report by Variant Perception – What Few Are Focused On

Our friends at Variant Perception have published an interesting report entitled “Understanding Market Tops” (please note: the article can be obtained for free here, but requires registration).

Readers will probably recall that we have [...]

Sticking it to Millennials and young Americans when it comes to wealth: Households headed by those 40 years old or younger see inflation adjusted wealth 30 percent below 2007 levels while older Americans recoup losses. / April 1, 2014

The evidence continues to mount on the deep pangs of financial pain faced by younger Americans before and after the Great Recession. The Federal Reserve Bank of St. Louis posted wealth information and what we find is that for those 40 years old and younger, there has been little recovery [...]

London Real Estate Prices Soar 68% In Five Years: Here’s Why In 1 Chart / by Tyler Durden / 03/31/2014 07:48 -0400

Overnight, UK property consultancy Knight Frank reported that London property prices rose 7.5% annually, modestly slowing from 8.1% in March 2013, and 11.3% March 2012. Slowing you say? Not really, and certainly not at the high end: “London sales over £1 million accounted for 22% of [...]

Unprecedented Surge In Chinese Applicants Willing To Buy US Green Cards / by Tyler Durden / 03/27/2014 20:59 -0400

A few weeks ago, Canadian authorities decide to scrap its controversial ‘investor’ visa scheme (which had allowed waves of rich Hong Kongers and Mainland Chinese to immigrate and blow the real estate bubble ever bigger). This was met with hollers of derision from the Chinese demanding [...]

2 Bear Markets In 15 Years In Not Enough “Punishment” / By Tyler Durden / March 27, 2014 13:43 -0400

Bear markets are punishment for over-exuberance and greed, notes ConvergEx’s Nick Colas, teaching investors to be more careful next time around. That’s a pretty popular narrative in capital markets, and with two tough bear markets over the past 15 years, Colas suggests you’d think [...]

Real Estate and “Cash” / Bill Holter / March 25th, 2014

Everyone knows about the real estate bubble(s) that popped in the U.S. back in 2006-07 and the resulting financial crises that followed. Since 2010 when prices basically bottomed (for now), “dollars” from all over the world “came back” to the U.S. and were used to purchase [...]

First bank runs in China reported today may signal the start of an old fashioned banking crisis / Peter Cooper / 25 March 2014

There have been runs on two small banks in China with depositors fighting to get through the doors to make withdrawals when they opened. Is this the first crack in the great wall of Chinese credit?

Reuters reported local news about queues outside the Sheyang Rural [...]

Furious Chinese Demand Money Back As Housing Bubble Pops / by Tyler Durden / 03/24/2014 09:24 -0400

Hell hath no fury like a woman scorned or, it seems, like a Chinese real estate speculator who is losing money. After four years of talking (and not doing much) about cooling the hot-money speculation that is the Chinese real-estate bubble (mirroring the US equity market [...]

Baby boomers value real estate much higher than their offspring: 6 ways traditional buyers are entering high priced markets with the assistance of baby boomer parents. / By Dr. Housing Bubble / March 23, 2014

Baby boomers are one of the largest home owners in California. They are also the largest mortgage holders since Californians love using their properties as a virtual ATMs. As time is moving by we are seeing a clash of generations when it comes to buying [...]

Chinese Stocks Bounce On Short-Squeeze Over Funding Hopes / by Tyler Durden / 03/21/2014 08:43 -0400

Rumors of a new “preferred shares” program which could implicitly mean easier access to desperately needed liquidity for Chinese banks and real estate developers prompted what one analyst called “a short-covering-led recovery after shares had fallen a lot.” The banks of the Shanghai Stock Exchanged rallied [...]

The Music Just Ended: “Wealthy” Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash / by Tyler Durden / 03/19/2014 23:11 -0400

One of the primary drivers of the real estate bubble in the past several years, particularly in the ultra-luxury segment, were megawealthy Chinese buyers, seeking to park their cash into the safety of offshore real estate where it was deemed inaccessible to mainland regulators and overseers, [...]

The Chinese Yuan Is Collapsing / by Tyler Durden / 03/19/2014 21:57 -0400

The Yuan has weakened over 250 pips in early China trading. Trading at almost 6.22, we are now deeply into the significant-loss-realizing region of the world’s carry-traders and Chinese over-hedgers. Morgan Stanley estimates a minimum $4.8bn loss for each 100 pip move. However, the bigger picture [...]

Is China’s Credit Bubble Beginning to Unwind? / By Pater Tenebrarum / March 18, 2014

A Large Real Estate Developer Collapses

The bond default of solar company Chaori apparently was just the proverbial canary in the coal mine. As we pointed out last week, it struck us as rather troubling that analysts didn’t seem to take the Chaori default very seriously. [...]

Will we ever see a return to normal inventory in Southern California? Current February sales weakest since 2008 and the lack of baby boomers listing properties. / Dr. Housing Bubble / 18 Mar, 2014

The latest sales figures for Southern Californiashow a market with very little action contrary to all the positive news regarding real estate prices. The latest data for February sales shows the weakest February on record only second to February 2008 when the market was fully imploding. [...]

PBOC Denies It Will Bail Out Collapsed Real Estate Developer While Chinese Property Developer Market Crashes / by Tyler Durden / 03/18/2014 10:15 -0400

In yesterday’s most underreported story, which we noted first thing yesterday morning, China is on the verge of a second bond default just weeks after Solar cell maker, Chaori Solar, defaulted earlier this month, this time Zhejiang Xingrun (appropriately abbreviated ZX): a real-estate developer which just [...]

Freddie and Fannie Reform – Disaster Awaits / March 17, 2014 / By Ramsey Su

No Opportunity Necessary, No Experience Needed

Freddie and Fannie are back in the limelight. This time, the plan is coming from Senate Banking Committee leaders Tim Johnson (D., S.D) and Mike Crapo (R., Idaho).

Here are the bios of Johnson and Crapo, two lawyers with not [...]

Tangible Versus Financial Assets: The Great Migration / March 17, 2014

Excerpted from The Money Bubble, by James Turk and John Rubino.

Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real, physical things like buildings, farmland, oil wells, commodities, etc. These things can be seen and touched, and – [...]

The liberation of real estate data: does having readily available real estate information encourage the boom and bust cycle? Zillow reaches 70 million unique users per month. / Dr. Housing Bubble / 17 Mar, 2014

You can’t stop the internet when it comes to real estate data. Zillow is a great example of technology revolutionizing the way people view real estate. Some of you are old enough to remember when the closely guarded MLS was only accessible by your local real [...]

The Second Chinese Corporate Default: Real Estate Developer With CNY3.5 Billion In Debt Collapses / by Tyler Durden / 03/17/2014 08:28 -0400

A few days ago, copper prices and the Chinese stock market were roiled by speculation that another – the second in a row – Chinese bond default may be imminent, in the shape of Baoding Tianwei Baobian Electric (TBE) a maker of electrical equipment and [...]

History Lessons in Financial Markets / CALLUM NEWMAN / MARCH 15, 2014 AT 10:01 AM

You’re in for a treat today, dear reader. We’re suspending the normal approach of the Weekend Daily Reckoning to clear the floor for a man we’ve discussed quite often in these humble pages: Phil Anderson. We’ll tell you why, and the advantage you can [...]

The perpetually depressed American consumer: Stock market high and bounce in real estate does not assist in boosting consumer confidence. 57 percent of Americans think economic outlook is getting worse. / by mybudget360 / March, 12 2014

Looking at the stock market and real estate prices would lead you to believe that the economy is recovering at a healthy clip. The underlying conditions of the economy may benefit the financial and real estate sectors (both live off each other) yet for most American families [...]

Mark Hanson: “Why We Could Be In A Housing Bubble Right Now” / by Tyler Durden / 03/12/2014 09:24 -0400

From Mark Hanson of Hanson Advisors

Why We Could Be In A Housing Bubble Right Now

Let me preface this note by saying “I am a raging bull over houses”. I love real estate. On any given Sunday you can find me and my family touring [...]