bubble

This weekend I am at my wife's family reunion so I haven't have a lot of time for blogging. But, I caught an interesting article in Swedish daily Dagens Nyheter, which cites an IMF study which claims that property values in Sweden are…

In psychology, cognitive dissonance is an uncomfortable feeling or stress caused by holding two contradictory ideas simultaneously. The theory of cognitive dissonance proposes that people have a fundamental cognitive drive to reduce this…

At the peak of the global housing bubble in 2006, I came across a post about the Japanese bubble that left a big impression on me.As we collectively attempt to call the bottom of the housing bubble, many are cautiously wading back into…

For those of us who remember the Japanese rise and subsequent meltdown in the 1980s and 1990s, what is going on now is like deja-vu all over again. Except this time it is on a bigger scale. Remember Yamaichi, Nikko, Nomura and Daiwa? These…

Dean Baker has been on record since at least 2002 as predicting both the mortgage bust and the Fannie-Freddie collapse."If housing prices fall back in line with the overall rate price level, as they have always done in the past, it will…

New York City has held pretty well in this housing downturn to date. However, with money center banks reeling from the credit crisis, this has changed. Bloomberg reports sales in Manhattan falling 22% in the second quarter of 2008. Sales…

I keep a bunch of articles on my blog's sidebar as a reminder of what was being said about the housing bubble, when and by whom. One article I omitted is from The Economist, warning of a 'global' housing bubble and illustrating…

Mike Morgan is a Florida real estate professional with years of experience. He is often featured on Mike Shedlock's site with his commentary of Florida real estate as ground zero in the housing bubble. He writes about his basic premise…

Oil prices aren't high because of greedy oil companies or backstabbing middle eastern countries. Oil prices are high because of easy money. That is the message of David Uren in today's Australian. I subscribe to his view but add in peak…

This comes from Bloomberg News via one of their top finance commentators, Caroline Baum.Why Real Estate Market Is Nowhere Near a Bottom: Caroline BaumCommentary by Caroline Baum…