Hello Everybody, I would like to send you some good (predictable) news regarding the American housing market. The last report from CoreLogic shows a continued decline in the shadow home inventory (inventory held by banks mostly after foreclosures). As you know already, a recovery of the american economy and especially the labor market, is based largely… Read More »
A few weeks ago I've mentioned how dirt cheap ETM was. Back then it was around 6.3$ per share, since then, price has continue its march downward to 4.8$ recently. Your loyal writer bought it all the way down, at 6.36$, 5.6$, 4.97$ and 5.1$. My average price is around 5.8$, relatively "high", since I… Read More »
14 km in a straight line from the city center, in Metro line 2 stop called Guanglan, there are some apartment houses and what looks like an abandoned part of the hightech park Zhangjiang, where I worked. I will present some pictures here that may help to prove my point about RE bubble, but this may… Read More »
After over 3 weeks in Shanghai I feel ready to tell my uneducated, see for yourself, personal point of view. I read many articles about China's RE bubble. During the passing three weeks I've bumped into a (awfully) silent reminders of it, standing here and there, reminding me of its existence. I've included some pictures… Read More »