Category: "Financial Markets & Real Estate"

Muslims trade commodities to comply with sharia

Here's a fascinating article.... Commodities and Islam, the start of something big (Reuters, 12/8/06)… more »

More leftist whining about the stock market

re "A Capitalist Swindle" (Washington Post, 11/22/06) To the Editors: Michael Kinsley's article claiming the stock market to be a swindle represents just the sort of… more »

Housing continues to crater

This morning the Commerce Department reported that October Housing Starts came in at 1.486 million units, about 12% below economists' forecasts and the lowest level in over 6 years. Permits for new construction also came in about 6% below forecasts.… more »

New home prices plunge

Following on the dismal report earlier this week on existing home sales, the Commerce Department reported Thursday that the median price for a new home in September was $217,100, a drop of almost 10% from a year earlier and the biggest drop in 35 years.… more »

Strange optimism of the Nat'l Assoc. of Realtors

In today's report on existing home sales, the National Association of Realtors titled their press release "September Existing-Home Sales Ease, Setting State for Stable Market". Even a cursory look at the information makes me wonder why they would… more »

OPEC lowers Q4 oil demand forecast

On Monday, OPEC made a slight but nevertheless important downward revision in their estimate for fourth quarter oil consumption, from 28.86 million barrels per day to 28.69 million bpd. While the stock market has rallied strongly in recent weeks, in… more »

The Economist should do better....

re "The dark side of debt" (The Economist, 9/21/06) Sir -- I expect better work from the Economist, particularly about financial markets, than you displayed in "The dark side of debt".… more »

Existing home prices from for first time in 11 years

see "Existing-home prices fall for 1st time in 11 years" (, 9/25/06) The National Association of Realtors August survey… more »

Nouriel Roubini on the housing slump and recession

see "'The Biggest Slump in US Housing in the Last 40 Years'…or 53 Years?" by Nouriel Roubini, RGE Monitor, 8/23/06 NYU Professor Nouriel Roubini has written the above article at his blog which is even… more »

Seeing into the future for real estate?

This past Sunday's Sydney Morning Herald (Yes, Sydney, Australia, from where I'm writing this) has an interesting story about the local residential real estate market. My theory is the same as it has been since I lived here in 2002-2003: Sydney's real… more »