What Our House Price-Dominated Society Deems Failure

A housing bubble report from around the globe. Aeon Magazine, "Keeping a woman is common among powerful Chinese men. A study by the Crisis Management Centre at Renmin University in Beijing, published this January, showed that 95 per cent of corrupt officials had illicit affairs, usually paid for,...
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An Embarrassment For Economics

I suggested a topic on the Federal Reserve nominee. "What will the Yellen regime bring?" A reply, "More of the same. The continued erosion of the American middle class. The continued enrichment of the 1% and especially the 0.1%. More stagflation." Another said, "Moar printing. Continued dollar...
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Right Back Where We Were Before

It's Friday desk clearing time for this blogger. "Texas, known for its open spaces and cheap property, is experiencing the types of real estate bidding frenzies seen in tightly built markets from New York to San Francisco. Institutional investors may be playing a part in shrinking inventories and...
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The Mercurial Rise May Signal A Future Bust

A report from Southern California Public Radio. "It's not breaking news that the California housing market is heating up, but now the California Association of Realtors is confirming it on the record, predicting that the trend will continue upward into 2014. For the past three or four years,...
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The Boom, The Bubble And Bulldust

It's Friday desk clearing time for this blogger. "A leading economist has dismissed the possibility that Australia is heading towards a housing 'bubble'. Australian Property Monitors senior economist Dr Andrew Wilson explained that comments made about the prospect of 20 per cent house price growth...
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