Reuters: Bank set to cut interest rates to record low “We are sceptical that QE in the strict sense, i.e. flooding the banking system with reserves, will give the real economy a significant push, especially as this did not appear to have a material effect in Japan,” said Investec’s Shaw.
Original post by paul
Citywire: Morning Line: How long will the house price correction last? While the latest numbers might grab a few headlines in truth they will come as little surprise, as most forced vendors over the past six months will attest to. In fact, in many parts of the country the real falls have surely been steeper, and it is arguably only some crafty ‘smoothing’ by the statisticians that has stopped the slide looking even worse.
All in all it is a spectacular reversal from the heady days of 2006 and 2007, enough to prompt a rather desperate-sounding Nationwide to remind us today that even though prices have now returned to their spring 2005 level, the average house value is still up £17,500 on five years ago.
Original post by gaztops
MoneyWeek: Don’t be tempted by cheap retail stocks Unless you sell food – and even that’s becoming more difficult - it’s a horror story out there. After the toughest Christmas trading season for years, another chain seems to be going bust every week.
Original post by damien
Check out Grubb & Ellis rankings for commercial real estate markets between 2009 and 2013.Portland rankings are:Office Market Strength - SecondIndustrial Markets - NinthRetail Markets - TenthMulti-Housing Market Strength - NinthPortland ranked in the top ten in every category. I don’t know a lot about the commercial real estate market but we can count the number of new commercial towers on one hand.
Original post by portlandhousing@yahoo.com (Clint8200)
Big hat to to Tim for finding this YouTube.[1]
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[1]: "Ron Paul on U.S. Government Ponzi schemes", by Tim Iacono, The Mess that Greenspan Made, January 5, 2009.
Original post by John M.
Institute of Economic Affairs ‘Blog: A perfect storm: the UK’s next banking crisis It’s a very short article so I won’t summarise, and yes, they are hamming it up a bit.
Original post by mark wadsworth
Telegraph: Willem Buiter warns of massive dollar collapse The long-held assumption that US assets - particularly government bonds - are a safe haven will soon be overturned as investors lose their patience with the world’s biggest economy, according to Willem Buiter.
Professor Buiter, a former Monetary Policy Committee member who is now at the London School of Economics, said this increasing disenchantment would result in an exodus of foreign cash from the US.
Original post by flintster1994
Nationwide: House prices fall by 2.5% in December The price of a typical house fell by 2.5% in December 2008, a stark contrast with the modest fall of 0.4% in
November 2008.
Original post by jeremy
HousePriceCrash.co.uk: A collection of websites with useful calculators HousePriceCrash.co.uk adds a new section on calculators.
Original post by nick vivian
The Market Oracle: UK Housing Market Crash and Depression Forecast 2007 to 2012 In conclusion, the sum of the above analysis suggests that house prices having fallen by 19% are about half way to the lows, and therefore suggest that house prices will decline by 38% from the August 2007 peak. The housing market trend is clearly currently in the panic stage as we are witnessing near unprecedented house price falls at the rate of more than 16% per annum, far beyond that of the 1990’s bear market.
Original post by nadeem walayat
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