Singapore’s Developers Move From Best to Worst (Dec 2013)

singapore

Source: Bloomberg – Singapore’s Developers Move From Best to Worst

Notable excerpts:

Singapore’s developers posted the worst performance on the benchmark Straits Times Index (FSSTI) this year after recording the biggest gains in 2012 as property curbs drove home sales lower and slowed price gains.

Continue reading

Britons less inclined to pay down mortgage debt (Dec 2013)

bubble01

Source: Reuters – Britons less inclined to pay down mortgage debt

Notable excerpts:

Britons were less inclined to use savings to pay down mortgage debt in the third quarter, data showed on Monday, adding to signs of improving consumer confidence as house prices rise and the job market recovers.

Continue reading

Malaise Is Ahead For Malaysia’s Bubble Economy (Oct 2013)

bubble01

Source: Forbes –  Malaise Is Ahead For Malaysia’s Bubble Economy

Notable excerpts:

I recently wrote about how Indonesia’s economy has devolved into a classic credit and asset bubble-driven growth story, and its neighbor Malaysia is on the same path along with most other Southeast Asian economies, which are part of the overall emerging markets bubble that I have been warning about in the last couple of years.

Continue reading

Danes With World-Beating Debt Loads Prepare To Dig Deeper (Oct 2013)

Debt-Bomb

Source: Bloomberg – Danes With World-Beating Debt Loads Prepare To Dig Deeper

Notable excerpts:

Danish households, which already have the world’s biggest debt load relative to incomes, are about to use a real estate recovery to go further into the red.

Continue reading

Black Homeownership Dying Where Obama Revitalized (Sep 2013)

downturn

Source: Bloomberg – Black Homeownership Dying Where Obama Revitalized

Notable excerpts:

Helene Pearson’s belief in homeownership was shattered in Roseland, the mostly black Chicago neighborhood where President Barack Obama got his start as a community organizer.

Pearson, who bought her two-bedroom, red-brick bungalow on South Calumet Avenue in Roseland for $160,000 in 2006 with a high-interest loan, put it on the market a year ago for $55,000 and didn’t attract a single offer. Her bank has agreed to take it back.

Continue reading