UK Bubble

As you know, I am looking at the UK and Spain as the epicenter for the next leg down in the housing bubble. Spain suffered massive overbuilding while the UK had a huge run-up in prices.The Blogger at UK Bubble is on to something in her…

Another CRE debacle

The Commercial Real Estate (CRE) bust is coming to an office building near you. The latest story? The GM building in NY was flogged off with some other properties at the peak of the bubble for a cool $3.6 to $3.9 billion. Now, the…

What’s different about 2008?

I am on record for expecting a serious downturn after the Tech Bubble crashed in 2001. We muddled through for a few years, but ultimately most of the damage was done and gone by 2004. The Tech Bubble was a bubble of asset prices that had…

Look who needs money now: AIG

The list of financial institutions needing capital because they lost so much in the credit crisis grows by the day. Now, its the insurance company AIG. After their abysmal earnings report, they need an enormous $20 billion to tide them…

The Automatic Earth

I stumbled across an interesting blog over the weekend called "The Automatic Earth." I had been doing some research into writedowns at financial institutions due to loan losses and asset impairment when a great entry from The Automatic…

Chart of the day: Debt to GDP

Since the beginning of the bull market in 1982, the U.S. has become a society hooked on debt. Total debt (including financial services companies) has nearly doubled as a percentage of GDP in those 25-odd years (from 133% of GDP at $4…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More