Mar 27 2011

China’s ghost cities and shopping malls – 14 million empty housing units in the U.S. while China may have up to 64 million empty apartments. GDP is only as good as the quality behind the financial numbers. China real estate bubble.

The Census released data showing that 14 million housing units in the U.S. are categorized as being vacant.  As startling as this figure appears on the surface, China has an estimated 64 million empty apartment units.  As we enter a perpetual cycle of global financial bubbles, the largest ongoing bubble in the world at the […]

Feb 9 2011

Financialization Era – how banking welfare captured our economy and ravaged the wealth of the working and middle class. Building profits through financial debt leverage.

The American banking system has transformed the economy into one enormous speculative casino with bells and whistles and free cocktails for those that participate.  The problem of course is that most don’t have excess income to drop into the financial slot machines.  Now banking in better times should be seen as the lubricant of the […]

Jun 8 2009

Tracking the Great Recession: Global Industrial Output and World Stock Markets Following the Great Depression.

How the investing world quickly forgets.  If we go back into the distant future of March 2009, you would remember that on a panic filled day, the S&P 500 flirted with the 666 low.  Since that day, the S&P 500 has rallied an astonishing 41 percent in only a 3-month period.  Yet as astonishing as […]

Apr 22 2009

10 Charts Showing a Prolonged Global Recession: Credit Markets, Housing, and Equity Markets point to Lengthy Economic Contraction.

The IMF came out with a global report on the economy in October of 2008.  Since that time, the global economy has deteriorated even further and the IMF has issued another report.  I went ahead and looked at both documents and from what is presented, there is very little reason to believe we will see […]

Dec 31 2008

Housing Bubble Genesis: 5 Reasons that Didn’t Cause the Housing Bubble and 5 Reasons that did.

There is a danger in having power.  Credit at least many decades ago was seen almost as an extension of the morality of the borrower.  That is, the way credit was given many times reflected the capacity, collateral, and character of the borrower.  Main Street is already feeling this recession like the worst since World War II and […]

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