bubble

Canada has had quite a run in its property market. But, the most recent data are a bit soft. David Rosenberg writes: After a string of above-expected economic data releases, Canadian housing starts missed the mark. Starts sunk 6.3% MoM,…

Below is a clip from Sky News which demonstrates that a Gold Rush is developing in China, with many now distrustful of fiat currencies. China is now the number one consumer of gold. But all across the world, we are witnessing the same…

As the Chinese government looks to slow the economy, non-performing loans in the banking sector will come into view. Clearly, the Chinese authorities want to slow the pace of house price and consumer price inflation and reduce rampant…

A bartender at my neighborhood pub recently asked me how the Shanghai stock market was performing. I said it was at about 2,600 points. He jumped and said, “No! The Communist Party wouldn’t let that happen.” He spent the next 10…

I don't buy into the core inflation number that the press or Federal Reserve use. Today's Wall Street Journal has an article on the front page entitled "Inflation at 44-Year Low." When you read further, you realize they are using…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must Reads Griechenland-Zweifel des Bankchefs: Ackermann vergrätzt Merkel - SPIEGEL ONLINE (see my post Deutsche Bank chief…

Another classic from Bloomberg News. It runs about 22 minutes. I love Roach's quip in jest to Chanos: "You ignorant slut." That quip in jest belies the congruence in Roach and Chanos' views. Roach does say: "I'm not denying…

While Warren Buffett is out tarnishing his reputation with quotes about how "phenomenal" the ratings agencies' business model is, Bill Gross is accusing them of aiding and abetting the financial crisis. Here's a quote from Bill…

“My maid just asked for leave,” a friend in Beijing told me recently. “She’s rushing home to buy property. I suggested she borrow 70 percent, so she could cap the loss.” It wasn’t the first time I had heard such a story in China. Some…