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Think You’re Prepared For The Next Crisis? Think Again.
BLOG Think You’re Prepared For The Next Crisis? Think Again. Even the best-laid preparations have failure points No plan of operations extends with any certainty beyond the first contact with the main hostile force. ~ Helmuth von Moltke the Elder Everybody has a plan until they get punched in the mouth. ~ Mike Tyson Scottish […]
Swedish Housing Bubble Pops As Stockholm Apartment Prices Crash Most Since June 2009
Swedish Housing Bubble Pops As Stockholm Apartment Prices Crash Most Since June 2009 Even though Sweden’s property bubble is not the longest running (that accolade goes to Australia at 55 years), it is probably the world’s biggest with prices up roughly 6-fold since starting its meteoric rise in 1995. Of course, as we noted last […]
Canadian Housing Bubble, Debt Stir Financial Crisis Fears
Canadian Housing Bubble, Debt Stir Financial Crisis Fears Their bone-chilling chart. Everyone is fretting about the Canadian house price bubble and the mountain of debt it generates – from the IMF on down to the regular Canadian. Now even the Bank for International Settlement (BIS) and the Organization for Economic Co-operation and Development (OECD) warn about […]
Worst Case Scenario = 73% Down From Here
WORST CASE SCENARIO = 73% DOWN FROM HERE As the stock market gyrates higher and lower in a fairly narrow range, the spokesmodels and talking heads on CNBC breathlessly regurgitate the standard bullish mantra designed to keep the muppets in the market. They are employees of a massive corporation whose bottom line and stock price […]
Chinese Take Over Canada’s Real Estate Market, Buy One-Third Of All Vancouver Homes Sold In 2015
Chinese Take Over Canada’s Real Estate Market, Buy One-Third Of All Vancouver Homes Sold In 2015 “Housing in Vancouver is insane — it was insane when I left and it’s more insane now.” That’s from 33-year-old Kevin Oke, co-founder of LlamaZoo Interactive who left Vancouver for Victoria two years ago because he couldn’t afford to buy a […]
Norway’s Interest Rate Conundrum
Norway’s Interest Rate Conundrum Current Situation The ECB recently stimulated more than expected, cutting rates by five basis points and expanding quantitative easing. It is already expected that Norges Bank (The Norwegian Central Bank) will cut rates next week, seeing accelerating inflation as temporary. They have a 2.5% inflation target mandate “over time,” giving them lee-way. They see demand […]
As Housing Prices Soar, Finance Minister Is Well Invested
As Housing Prices Soar, Finance Minister Is Well Invested Gov’t must be ‘careful about intervening,’ says Mike de Jong, who has a stake in several properties. Finance Minister Mike de Jong’s most recent financial disclosure shows he received rental income from seven investment properties. Photo: BC Gov’t Flickr. Taking action to reduce housing prices in Vancouver […]
Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households
Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households Late last month, Sweden tripled down on QE, as the Riksbank announced it would expand its asset purchases by SEK65 billion. Or, visually: The recent history of Swedish monetary policy is viewed by some as a cautionary tale about what can happen when a […]
One Economic Datapoint, Two Vastly Different Interpretations
One Economic Datapoint, Two Vastly Different Interpretations Earlier today, Case-Shiller reported that in May, housing prices dropped by 0.18%, the biggest decline since July 2014. Hardly a euphoric validation of the Fed’s rate hike intentions. So what was the mainstream media’s take on the topic? It all depends on who you ask. Reuters: or the WSJ. […]
