REAL ESTATE|JUNE 27, 2011
WSJ: China Risks Being Next Property-Bubble Blow Up
BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.
Tuesday, June 28, 2011
CNNMoney: Greece austerity: Cure or poison?
CNNMoney: Greece austerity: Cure or poison?
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
Monday, June 27, 2011
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Money shortage (Andy Xie)
Money shortage
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
Related News: Europe, Italy, Funds, Finance, Insurance, Economy
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
Related News: Real Estate, US
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Finance·Money, Marc Faber
I suppose the world will always develop but that we will always have periods where we have wars and tremendous wealth destruction, or where we have plague and where the population shrinks. I am optimistic about certain issues and pessimistic about others.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
The Daily Bell
Exclusive Interview
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Economy, Marc Faber
Economics is a very complex system and is essentially human life and the behavior of humans. So to build one theory around it is probably wrong.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
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