אחת הסיבות המרכזיות להתאוששות האיטית וביצועי החסר של מניות הפיננסים בתקופה האחרונה היא חששות ממצב שוק הדיור האמריקאי. הדאגה נחלקת לשניים. בצד ההיצע, מתחילת שנות ה2000 ועד 2008 מספר הבתים שנבנה היה גבוה מהביקוש הגנרי ונוצר עודף מהותי של בתים ריקים. הדאגה השנייה בקשר לשוק הדיור אותה הזכיר מנכ"ל וולס פארגו היא האבטלה – אנשים… Read More »
The US market has "gone nowhere" during the last decade and even more. This "lost decade"* came only after the longest and the most magnificent bull market of all times that started in 1981 and lasted for 18 years, ending the most amazing 5 years, from 1995-1999, the only 5 years in history in which… Read More »
Many people do not know what is an effective interest, and how to calculate it. Actually, it is a very simple concept, and it is very easy to calculate. First, you need to understand that interests are expressed in annual terms. When the bank says that it will loan you a sum of money at… Read More »
There are over 64 million empty apartments in China. There are numerous Ghost cities. 64 million apartments should populate 180 million people. If you take the current Chinese population of 1.3 billion people, this means that current vacant apartment accounts for 13% of the population. The current population growth in china is around 0.5% per annum, which… Read More »
Today I learned a simple principle in Macro-Economics, that I was surprised I was not aware of before. As you know, Factional-Reserve banking (FRB) is a system in which commercial banks create money with every loan they give, and people destroy money when they return loans. Commercial banks are allowed to lend up to a… Read More »