bubble

The fundamentals in Asia are much stronger than they are in the U.S. or in Europe. This bodes well for a recovery in the region.  Nevertheless, there is reason to worry because here is a video warning about an Asian-wide bubble in the…

Late last year, I predicted that China, as a major exporter to the West, would feel a huge impact from the meltdown in the global economy, taking it’s growth rate down to 2% (See Top ten predictions for the 2009 global economy). Forgetting…

During Alan Greenspan’s tenure at the helm of the Federal Reserve, he was often accused of using monetary policy to target asset markets so as to keep the party going.  In short, Alan Greenspan was seen by many, including myself, as the…

I have been making bullish noises of late, but I am fully cognizant of all the downside risks.  So for the sake of presenting both sides to this argument, I want to highlight the ‘dark’ side in this post based on a book I have just read.…

Last night I featured a video from Jon Stewart that skewered CNBC, and specifically Jim Cramer. The video is quite funny as Jon Stewart's show is a comedy show. However, since that segment aired, Jon Stewart has decided to end the…

Make no bones about it, Manhattan real estate prices have been in an extreme bubble.  With stock prices down and Wall Street shedding jobs massively, this has come to an end. With sales prices of Manhattan apartments having tumbled by…

As recession takes hold, European citizens are starting to ask questions about how they were led into this, the deepest downturn in three-quarters of a century. The leading Spanish daily El Pais published a very thoughtful article today…

As a result of falling oil prices and the global financial crisis a considerable fear has developed that Dubai, which has led a very expansive building policy in recent years, would have problems servicing its debt.

This week's Barron's magazine highlights the abysmal state of the Manhattan real estate market. Manhattan was one of the last bubble markets to burst. Now, things are unraveling quickly, particularly at the high end. Some experts see…

An Interview with Robert Shiller - The Atlantic