Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Easy access to capital has driven oil prices lower and is likely to do again as E&P’s directly invest in more rigs ahead of demand.
Read more...Comparing the market reaction to Brexit with key events during the crisis.
Read more...The costs of looting by the financial services industry are even more staggering than you probably imagined.
Read more...Will Italian banks be the detonator of a political and economic crisis?
Read more...The third part in a three-part series on how to fix what is wrong with credit rating agencies.
Read more...Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.
Read more...A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.
Read more...By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.
Read more...Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.
Read more...Commercial bankruptcies rose at a much bigger clip in early 2016 than in recent years. How worried should we be?
Read more...Debt scaremongering as voodoo economics.
Read more...Not surprisingly. Puerto Rico is about to get a big dose of austerity…..which Latvia-style, will push more people with skills to leave.
Read more...By Michael Pettis, a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management. Cross posted from China Financial Markets. For the past ten years much of what I have written about debt in China was aimed mainly at trying to convince analysts and policymakers […]
Read more...