Reports on housing bubbles, mortgage delinquencies and other links
Must Reads: Housing still overpriced (though not in US), delinquencies still high
- House prices: You can’t keep ’em down | The Economist
- Annaly Salvos – Invest in Bulldozers
- What kind of homeowners choose to default? – latimes.com
Usual Fare
I linked out to a Spanish-language article chronicling how the Spanish government was bailing out CajaSur after the failed Unicaja-CajaSur merger. Here is an English-language version from the NY Times:
Ailing Spanish Lender Gets 550-Million-Euro Bailout
- BBC News – William Hague ‘vindicated’ by euro warning
- Fair Game – Principal-Protected Notes Aren’t as Safe as They Sound – NYTimes.com
- Attorney Decodes Numbers On Redlight Camera Photo To Prove That The Light Was Green | Techdirt
- China’s Real-Estate Stocks Poised for a Downturn – Barrons.com
- Hedge funds in €3bn gamble on Irish default – Independent.ie
- Frustration grows as oil invades Louisiana – BusinessWeek
- The new feudal overlords of Europe will be the bankers of the ECB – Telegraph
- U.S. drops criminal probe of AIG executives | Reuters
- What’s New in Android 2.2 – Gizmodo
- Jose Mourinho says he will leave Inter after Champions League victory | Football | guardian.co.uk
- ‘Dr. Doom’ Roubini anticipates a ‘double-dip downturn’ and 20% fall in markets — MercoPress
- charles hugh smith-"Two Scoop Special": Double-Dip Recession Guaranteed
- Worthwhile Canadian Initiative: The orthodox loss of faith
- Apple Finally Drops "I’m A Mac" Ads – The Consumerist
- Pay Attention to Your Bank’s Overdraft Changes – Kiplinger
- How to Find Quality Flights – Kiplinger
- Mohamed El-Erian: Return of the Nervous Weekend – WSJ.com
Foreign-language links
- Einzelhandel: US-Bank Goldman Sachs greift nach Karstadt – WELT ONLINE
- Euro-Drama: Der Boom beim Gold steht auf wackeligen Beinen – WELT ONLINE
- Portugal está a perder imigrantes com a crise – Economia – DN
- DIHK-Analyse: Euroschwäche sichert 80.000 Jobs | FTD.de
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That’s a nice chart but not so sure about the US #s….Housing in the US is still a total scam. Most of my friends (and definitely I) pay 60% of our monthly income for junky housing. 60%! Houston lower middle class houses still cost $400,000. LOL, no bubble there, noooo…
The Emporer still has no clothes yet people still refuse to believe it.