They Thought They Could Never Go Wrong
A report from Houston Agent Magazine in Texas. "Y’all, I hate to lick all the red off your candy, but the days of a super-hot real estate market are behind us (at least for now). While on the surface, that…
As With Every Financial Crisis, The Central Bank Sets The Stage For A Collapse
A weekend topic starting with Global Finance. "Avaya Holdings Corp, Tuesday Morning, Sorrento Therapeutics—what’s the common thread between these very different companies? Within a few days, the three of them went bankrupt. 'We have had almost unlimited credit for 10…
Central Banks Have Swung From Frenetic Money Creation To The Monetary Death March
A weekend topic starting with 48 Hills. "If you were looking for an event that epitomizes the neoliberalization of the University of California, you’d be hard pressed to top the UCLA Institute of Transportation Studies’ 2022 Lake Arrowhead Symposium. Despite being…
The Gargantuan Phalanx Of Flimflammers And Rug-Pullers
A weekend topic starting with Time. "The idea that banking mistakes could plunge the U.S. economy into a recession is familiar—the Great Recession that began in 2007 was caused when banks made risky home loans and then sold to lenders…
A Lot Of It Is Just Evidence Of Failed Speculative Activity
It's Friday desk clearing time for this blogger. "After reaching a peak of $670,000 in May 2022, median home prices in Northwest Austin have been consistently declining since August, according to the Austin Board of Realtors. February marks the seventh…
We Were Watching It Go Up And Up And Up And Up And Up And Up… And Then It Just Started Coming Down
A report from USA Today. "'Prices would not have fallen if the Federal Reserve did not raise interest rates so aggressively,' says National Association of Realtors’ Chief Economist Lawrence Yun. 'One casualty of the Fed’s policy, aside from the regional…
Return Of The ZOMBIE BANKS?
https://www.youtube.com/watch?v=WSmB4Mflceo https://www.youtube.com/watch?v=2NkY7UiM9Es https://www.youtube.com/watch?v=txR3TkqIfiE https://www.youtube.com/watch?v=mxPUsnr9ZL4
A Disconnect Between Finance And The Real World Lies At The Heart Of All Great Bubbles
A weekend topic starting with the Real Deal. "For years, venture capitalists and tech firms from California descended on South Florida. But the industry’s foothold on the market began to falter last year. And now, in the aftermath of the…
A Consistent Set Of Politics Based On The Ideology Of Home Ownership, Encouraging Us All To Buy As Strategic, Calculating Mini-Capitalists
A weekend topic starting with WBUR in Massachusetts. "The great unwinding of Silicon Valley Bank’s ambitions has a special sting in Boston, where the failed bank’s parent had vacuumed up two local institutions in recent years, part of its bid…
They Way Overbid Everybody Else, They’re Not Going To Get That Back
A report from Bloomberg on California. "The collapse of Silicon Valley Bank has dealt yet another blow to San Francisco’s depressed housing market, dashing agents’ optimism that conditions would finally start to improve. 'Not a single buyer has expressed interest…