Economic Headwinds from Real Estate Moderate

Written by Steven Hansen This week we have seen various real estate releases.  What these releases are whispering is that the headwinds are abating – but in perspective, the real estate industry remains a mere shadow of its former self.  One of the reasons for the sluggish USA economic recovery is due to real estate: …

Mortgage Settlement Plan is More Bank Bailout

Guest Author: Yves Smith, author of the best seller “Econned” and founder of the widely read blog Naked Capitalism, where this article first appeared with the title:  Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement The whole purpose of a settlement is that a party pays damages to rid themselves of liability, …

Real Estate: Not the Big Overinvestment Problem in China

by Michael Pettis Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment thesis is much more widely acknowledged today than it was even two or three years …

What is Dubai’s Secret?

The World Economy Stalls; Meanwhile Dubai Bounces Back: So what’s The Secret? by Guest Author Andrew Butter One of the few interesting things about Dubai is that it serves as a barometer for economic activity that happens largely outside of government and outside of OEDC. I’m not talking blood diamonds or drug money, Dubai services …