Silver as an investment

Category Archives: United States housing bubble

America’s March To Default

Authored by MN Gordon via Acting-Man.com, Style Over Substance “May you live in interesting times,” says the ancient Chinese curse.  No doubt about it, we live in interesting times.  Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world as at devolves towards vulgarity. Just […]

The American Dream: An Endangered Ethos

Authored by Danielle DiMartino Booth via MoneyStrong.com, Few words are slipperier than ‘ethos’ to grasp. Even the best translation of the word – essence – is hard to get your arms around. Perhaps that is why so many of us were blissfully unaware until recently that the very essence of the American Dream was slipping through […]

Bank Stocks Stumble To 1-Month Lows As Yield Curve Slumps Post-Fed

Not sure why but this seemed appropriate after listening to the drivel from Washington (and Fed speakers) all day…   Bonds and Bullion the big winners post-Fed…   There were 3 notable legs lower in stocks today… The catalysts seemed to be 1335ET – *EVANS SEES MORE UPSIDE POSSIBILITY IN UNCERTAINTY FACING FED, THIS IS […]

Home-Flipping Profits Just Hit An All Time High: These 10 States Offer The Highest Return Potential

That most distinct remnant of the 2006 housing bubble – home flipping – is not only back, it is more profitable than ever. According to a new report by ATTOM Data Solutions and RealtyTrac,193,009 single family homes and condos were flipped — defined as sold in an arms-length transfer for the second time within a […]

Credit Crash Concerns Spark Biggest Investor Underweight Since 2008

Alarm bells are starting to ring across multiple asset classes as we approach The Fed's first double-rate-hike-in-3-months since 2006. The most concerning canary in the coalmine is US credit markets…   After a bigly run-up from the Feb 2016 lows – on the heels of unprecedented central bank cooperation – IG bonds began to break […]

Australian Banks Deny “Speculative Bubble” Driving Home Prices To Record Highs

The basic laws of physics have seemingly ceased to exist in Australia…water is no longer wet, the sky is no longer blue and home prices are not in a “speculative bubble,” at least according to some conflicted commercial banking executives who are massively long Australian housing.  Testifying before a parliamentary committee, the chief executives of […]

Auto Lending Update – Someone Please Explain How This Is Not A Bubble

Experian recently released their Q4 2016 Automotive Finance Market update which includes a lot of statistics that seem to confirm our frequently documented concerns about the sustainability of the current level of annual auto sales (see here, here and here for our recent notes on the topic). First, there is the staggering growth of auto […]

Putting It All Together…

Pending Home Sales Tumble To Lowest In A Year (And It’s About To Get Worse)

Against expectations of a 0.6% rise, pending home sales in January plunged 2.8% MoM – the biggest drop since May. The West – the most expensive region – saw the biggest decline, down 10.3% MoM with The Midwest also tumbling 5.2% MoM. As mortgage rates have soared since the election (and mortgage applications tumbled), affordability […]

Existing Home Sales Hit Decade High As Prices Jump More Than 7%

So much for concerns that rising rates would slam the US real estate market. According to the NAR, in January, Existing home sales jumped by 3.3%, well above the 1.1% consensus estimate, and more than reversing last month’s revised -1.6% drop. The annuallized pace of sales rose to 5.69 million, above the 5.54 million estimate, […]