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Browsing Category
Markets
Case-Shiller Time Machine
I was just reviewing the Case-Shiller local metropolitan indices and saw that as the decline gets steeper, each of the 20 markets is reverting back to price levels 3 and 4 years in the past. So, here's what I have on each metro area as of…
The Dollar
The U.S. Dollar (USD) seems to have stabilized against most major floating currencies. This includes the British Pound, The Euro, The Canadian, Aussie and New Zealand Dollar, the Swiss Franc and the Japanese Yen. However, many market…
Another writedown risk: Chapter 7 Bankruptcy
The risks going forward for financial institutions and their capital base are large and growing. The blog CalculatedRisk has reported on yet another story that should give chills to bankers. This one is very significant: Chapter 7…
New Writedown Risk: Alt-A
The bloggers over at Calculated Risk have reported on a story making the rounds in the Internet. This story involves S&P's downgrade of Alt-A Residential Mortgage Backed Securities (RMBSs). The crux of the matter is that S&P…
UK housing prices down a record
MarketWatch is reporting today that Nationwide has said that UK home prices are down a record amount.House prices fell for the seventh consecutive month, dropping 2.5% from April, and were 4.4% lower than they were in May 2007, Nationwide…
Case-Shiller shows home price plunge
The S and P/Case-Shiller Home Price Index for the U.S. housing market came out yesterday and the news was not good. MarketWatch said: Home prices in 20 major U.S. metropolitan areas have dropped a record 14.4% in the past year, Standard…
Chart of the day: OFHEO House Price Index
Although I prefer the S&P/Case-Shiller House Price Index to look at U.S. house prices (see residential property posts), the OFHEO index has more data, going back to 1975 (instead of 1987 as the 10-city Case-Shiller does). Ultimately,…
Chart of the day: Home Prices versus Inflation
When looking at the 20 biggest markets in the US, home prices have risen at a rate far above the rate of inflation since Jan. 2000. Prices would need to fall 26% nationally to move back to the trendline.
However, looking at the 10…
George Soros warns UK on economy, oil and inflation
George Soros talked to the Telegraph, and in an article released today, sounded very downbeat about the prospects for the UK economy. M. Soros also said that their were many fundamental supports for the price of oil, including supply ad…
UK house prices are falling
From today's Guardian Newspaper: House prices carry on falling Larry Elliott The Guardian, Monday May 26 2008 House…