Britain

From today's Guardian Newspaper: House prices carry on falling Larry Elliott The Guardian, Monday May 26 2008 House…

The Telegraph notes today that Vulture Funds are circling the London Commercial Real Estate (CRE) market. Prices have fallen, but funds are waiting for the other shoe to drop before stepping in. I imagine this will mean credit losses for…

The Guardian has a brilliant piece out today about how widespread the housing bubble's downdraft has become. We're not talking just the South east here but idyllic countryside villages like Ely just north of Cambridge. This should…

I'd say that the UK is looking a lot like the U.S. looked a year or so ago, with high consumer debt loads and high property prices. What's the likelihood of recession. A near certainty."Over to the strategy team at Legal and General.…

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…

George Soros claims that we are experiencing the most wrenching times in our financial system since the Great Depression. One has to be either appreciative of his advice or envious of his wealth. He made $3 billion in 2007 as a hedge fund…

Recent news out of the UK has been very negative. There is so much data piling up suggesting that the UK is quickly moving toward a US-style housing collapse that I am going to use this blog entry to post recent news stories without…

As the epicenter of the credit crisis has clearly moved to Europe, British Banks are at the center of new developments. However, doubts still exist about how they are valuing their assets and accounting for loan losses. Yester day the…

The inflation genie may be out of the bottle for a while. The headlines are being made by food and energy prices spiking higher. The Fed and many economists ignore food and energy when looking to underlying inflationary trends, relying…

That's the title of a UK Telegraph article on a report showing that UK repossession orders have increased to levels not seen since the housing bust of the early 1990s. According to this morning's BBC 5 Live program, "Wake Up To Money," the…