I don’t know how I missed this story on one of my favorite topics – the Chinese Real Estate Bubble. Australia’s Dateline ran this story back at the end of March. By now, most people are familiar with images of empty shopping malls and apartment buildings in China, the most notable being the [...]
It’s hard to believe that Stocks For The Long Run author Jeremy Siegel has actually analysed historical data when he says stocks are very cheap. Using forecast earnings one year out as your basis for valuing the market means that you are guaranteed to miss the turning point in both the market and [...]
Great to see two smart guys exchanging views on various subjects, especially China, well worth a watch.
This column appeared on naked capitalism today. You can read the whole article by clicking this link. I will just post what I think it the meat of the article. The article is in response to a recent Wall Street journal column by that snivelling turd Steve Moore, that alleges all things government ie. [...]
The number of Home Loans for owner occupied housing fell a seasonally adjusted 5.6% in February after a revised 6.3% fall in January according to the latest report from the abs. The latest reading is the lowest in 10 years.
Excluding refinancings the number of loans for owner occupied housing hit its [...]
Non-farm payrolls rose a seasonally adjusted 216,000 in March according to the BLS, revisions to prior months were negligible. The latest month is the largest gain in payroll employment since May 2010.
The Household survey showed employment growth of 291k in March. Taken together with a steady participation rate at 64.2% [...]