Housing

For the first time in 9 years, year-on-year prices in Canada are down. With the largest province, Ottawa Ontario, in a recession, it is no wonder that house prices have followed suit. Canadian home prices have started falling, marking the…

Back in June, I wrote about financial investors in bank shares having lost $10 billion. Then, I predicted that losses would mount and bank shares will fall. It seems that one part of that equation is true already as bank shares have…

Martinsa-Fadesa, a large real estate company in Spain has gone to the wall. As is usual, bankruptcy came in the form of a liquidity crisis, not as a technical bankruptcy. Below is a report from El País in Spain, followed by a report from…

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…

See my list of Bankrupt global financial institutions for past news on IndyMac and other bankrupt financial institutions.This is a very big deal. It seems that the financial crisis has reached fever pitch now. Given the week we just went…

From all accounts, it looks like Australia is set for a wicked slowdown. Four global industrial economies have been protected by commodity prices. They are Canada, New Zealand, South Africa and Australia. This Goldilocks scenario looks…

When the Economist warned in 2005 that residential property prices were in bubble territory in many national markets, South Africa led the list by far with an eight-year price appreciation of 244%. Now it seems that bubble has popped…

This is a story about how the ECB move affects individuals. As much as I support the ECB rate hike, one has to remember that real people are very much affected by these policy decisions. This is what makes these decisions difficult.

No one is paying a whole lot of attention to Australia right now because of the massive busts in the US, the UK, Spain and Ireland. But, Australia has had a property boom as well. And this boom looks like it's coming to an end.IN further…

Money Week points out the scenario for Taylor Wimpey, the UK house builder resulting from the top-of-the-market merger of Taylor Woodrow and George Wimpey, now that shareholders have rejected its rights offer:We've been saying you should…