Market trends

Here is Housing Doom’s fifth installment of our unauthorized annotated transcript of the American Enterprise Institute’s October 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Chris Whalen. He makes use of a slide deck.[2] Here is the official transcript. […]

"The overall picture now bears more resemblance to the early industrial economy of the mid-to-late-19th century - when industries such as automobiles, chemicals and electronics were just emerging - than to the relatively mature industrial economy of the 1930s."
… I should add, again. Over two years ago Professor Florida’s name came up in connection […]

As the retail and commercial real estate domino falls, we are about to enter a whole new mortgage default crises that was never planned for; but one that a smart third grader could have seen coming.
Doom friend Mike sends along these happy thoughts to kick off the Holiday Shopping Season — including a special offer […]

but … "Great Britain’s main city has the best infrastructure of lawyers, accountants and financial experts in the world. "
…
Crina Boros: There are still issues to be discussed about the economic crisis.
George Iacobescu: They cut down forests to write about it. I believe that such an economic crisis had never happened before. The entire mankind […]

Looks like Professor Nelson’s article (cited by us here) is gaining traction internationally, as well it should.
La référence en matière de crise est aujourd’hui fournie par 1929. L’historien Scott Reynolds Nelson, dont la mémoire est par nature plus longue que celle des médias, nous rappelle le précédent de 1873, qui pour lui est l’archétype de […]

Here is Housing Doom’s fourth installment of our unauthorized annotated transcript of the American Enterprise Institute’s September 30, 2008 seminar "The Deflating Mortgage and Housing Bubble, Part IV: Where Is the Bottom?" [1] This is the presentation by Tom Zimmerman. He makes use of an extensive slide deck.[2] There is now an […]

 
"Meanwhile, the prospect of the government creating an asset class that would directly compete against and carry a stronger government backing than the government-sponsored enterprises has led to an exodus of investors in debt securities issued by Fannie Mae and Freddie Mac, which are now wards of the state."
 
The above is taken from this story,[1] […]

"The false economy brought on by government-induced inflation and nearly unlimited credit seemed as if it would go on forever… but forever is a long, long time."
Doom friend Mike has collected a Murderer’s Row from the malls.  This does not look good.
What, Me Worry? “They” will come to the Rescue
by Mike Folkerth
Truer words were never […]

"The false economy brought on by government-induced inflation and nearly unlimited credit seemed as if it would go on forever… but forever is a long, long time."
(mistake in earlier version of the title — hate it when that happens )
Doom friend Mike has collected a Murderer’s Row from the malls.  This does not look […]

"Roubini, Schiller [sic], Schiff and Ron Paul - they were all right!" No doubt this is funnier if you don’t understand German.
Don’t worry, we’re nowhere near this point. Neither does Germany represent America’s role in the drama. 1945 was actually the climax of the long process that ended England’s hegenomy.
I heard part of […]