bubble

Last week I said I would do a better job of tracking the Australian housing market as my prediction for 2012 is that it is a bubble which will pop.

I thought now would be a good time to see how my ten surprises for 2012 are tracking as we are nearly a third of the way through the year. I posted these as my first weekly newsletter and these are events that have 1-in-3 odds of happening…

I have noted a number of times in the past that household debt levels in Canada have reached worrying levels. I am not the only one on to this. Canadian central bank head Mark Carney was in the news yesterday sounding the alarm on this as…

Since the Great Financial Crisis began, Austrian house prices have zoomed at a pace well above the rate of inflation and the rate of rentals. The price action and other anecdotes make this sound suspiciously like a bubble. The same has…

Yesterday, we highlighted the talk that Steve Keen gave at the INET conference as our only post. Today, we present the full and in-depth version including his written analysis via Steve Keen's DebtWatch website. Steve ends with two…

The JOBS Act is insane on many levels. It creates an extraordinarily criminogenic environment in which securities fraud will become even more out of control. One of the forms of insanity is the belief that one can “win” a regulatory…

Federal Reserve Chairman Ben Bernanke's lecture series at George Washington University is most unfortunate. The first instinct, at least here, is to let it pass. Two of the man's characteristics will be addressed in what follows. First, his…

This is a silver level post which continues some thoughts from the daily commentary on the effect of low nominal and real rates. Martin Wolf's latest commentary at the FT features prominently.

Good video with Steve Keen, the Australian economics professor with Max Keiser. Steve not only talks about the Australian economy and that country's housing bubble but also about the bursting of housing bubbles in Canada, the UK and Hong…

Great chart from the recently released Economic Report of the President. We suspect the Great Depression housing bust didn’t have the government props to soften the blow as we do today, which, therefore, on a relative basis, makes the…