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Fourth Turning Economics
Fourth Turning Economics “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses […]
The Pricking of the Canadian Real Estate Bubble?
THE PRICKING OF THE CANADIAN REAL ESTATE BUBBLE? First of all, sorry for the lack of posts lately. Long story, but rest assured, I am back on track and the old ‘tourist regular postings have resumed. Next up, today I will write about Canadian real estate. I know, many of you find that about as […]
Real Estate Bubbles: These 8 Global Cities Are At Risk
Real Estate Bubbles: These 8 Global Cities Are At Risk If you had $1 billion to spend on safe real estate assets, where would you look to buy? For many funds, financial institutions, and wealthy individuals, the perception is that the world’s financial centers are the places to be. After all, world-class cities like New […]
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy Early this month, we discussed whether the world’s longest running bull market – 55 years – in Australian house prices had come to an end. This was UBS’s view following the October 2017 monthly report on Australian house prices from CoreLogic suggested that measures to tighten […]
‘The worst scenario’: What if Canada’s real estate bubble bursts?
‘The worst scenario’: What if Canada’s real estate bubble bursts? A repeat of Toronto’s 1989 crash could have devastating effects on the entire economy Builders work on a new home in North Vancouver in 2016. The average home price in Canada climbed by 10 per cent to $559,317 in April, the Canadian Real Estate Association […]
Canada Flagged for Recession by BIS
Canada Flagged for Recession by BIS This can’t be good… As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is […]
Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million
Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million Last week we identified a “bargain” in Canadian real estate. As you might recall, the Canadian economy is in a bit of a tailspin, and that goes double for the country’s dying oil patch. Indeed, we’ve documented Alberta’s painful experience with slumping crude exhaustively, noting that […]
The Reality Behind the Numbers in China’s Boom-Bust Economy
The Reality Behind the Numbers in China’s Boom-Bust Economy Last year, the world was stunned by an IMF report which found the Chinese economy larger and more productive than that of the United States, both in terms of raw GDP and purchasing power parity (PPP). The Chinese people created more goods and had more purchasing power with […]
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk
Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk Ratings agency Fitch had already warned about Canada’s magnificent housing bubble that is even more magnificent than the housing bubble in the US that blew up so spectacularly. “High household debt relative to disposable income” – at the time hovering near a […]
Norway Regulator Fears Housing Bubble “Isn’t Sustainable”
Norway Regulator Fears Housing Bubble “Isn’t Sustainable” Amid the collapse in crude oil prices, the Norwegian central bank cut rates in December (after 1000 days on hold) and is likely to cut again as economic growth stalls. However, the country’s financial regulator iswarning falling interest rates risk pushing the Norwegian housing market beyond its breaking […]
The Scale Of The Chinese Real Estate Crash Is Terrifying
The Scale Of The Chinese Real Estate Crash Is Terrifying We hear a great deal about the credit binge in advanced economies that helped lay the foundation for the 2008 financial crisis and is also widely blamed for holding back the pace of the recovery. Well, while the West has been unwinding some of this […]