Showing posts with label bubble. Show all posts
Showing posts with label bubble. Show all posts
One bubble follows from another
So long as the central banks keeps printing the cash, bubbles will inflate and explode.
More crisis talk
Banks could be looking at a further $100 billion of losses by the end of the year. Housing will get a lot worse before it will get better.
Carli Blum on the subprime crisis
Here is a view of the subprime crisis from the bed of two female students.
I found this clip hilarious.
California - what went wrong
If you want to understand why housing prices are collapsing so fast in California, this video will explain everything.
US economy
Do you get the feeling that the US economy is going off the rails. This short video will confirm that uneasy feeling.
Inflation
I am going to get intellectual and arty with the next video clip. Here is Hans Richter's 1928 short film about inflation.
Lost in America
Housing inventory is certainly elevated. Here is a short video of a drive around a NJ suburb. There is a plague of "for sale" signs.
The dangers of home equity loans
Here is a home equity loan scam from England. Be warned, the clips contains a couple of unexplained jumps. However, bear with it, and you will be shocked. Banks offer loans that are proportions of home values. The banks end up with borrowers paying back the value of the loan and the bulk of the price appreciation coming from property bubble. Some borrowers have ended up in mobile homes. In some cases, people have ended up repaying five times the value of the original loan.
More on the sub prime mess
Here is Jim Jubak on the subprime mess. He has some interesting things to say. Well worth watching....
Andrew Cuomo
I have never heard of Wall Street Italia. However, this clip covers the Andrew Cuomo story and Jim Cramer's accusation that this New York attorney is a communist. It has been long time since that word has been thrown around as an insult.
Labels:
bubble,
cramer,
credit standards,
finance,
flippers,
mortgages,
US economy,
us housing bubble
Mortgage crisis explained.
It is funny how music and real estate charts go so well together. Here is a quick clip explaining how we got into this mess.
The latest Peter Schiff Interview
Peter is the man. Every time he turns up on the TV he wipes the floor with every other panel member. He is the voice of reason, good sense and financial prudence.
Here Peter predicted that the price of oil going to $150 a barrel. The logic was straightforward. One day, China will stop keeping their domestic currency low relative to the dollar. Once the Yuan appreciates, the dollar price of oil will fall, and then demand from Asia will shoot up. This increased demand for oil will push the price up towards $150 a barrel.
Go, Peter, Go.
Start at the top and work your way down.
Japanese real estate - bubbling again
Here is a short news clip about the recovery of the Japanese real estate market. Since it crashed in 1989, the Japanese market has been in more or less constant freefall. Given the unfolding disaster here in the US, it could take a similar length of time before we hear about a recovery here.
California nightmare
Find out all you need to know about the collapsing Californian market in just 45 short seconds.
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