July 2009 – Who crashed the economy?

Rudd comes shy of confirming sky rocking house prices in Australia, values that have soared far above their true long-term worth.

July 25, 2009 admin 4

While on informal leave at Kirribilli House last week, Prime Minister Kevin Rudd crafted his essay titled “The Building Decade: The Long, Hard Road to Sustainable Economic Recovery” due to be published in the Herald today. While it impressively demonstrates a solid understanding of the causes, it does raise some …

Don’t be “alarmed”; Property Crime predicted to Surge

July 3, 2009 admin Comments Off

Last night, any hope of a recovery was dashed in the U.S. with the latest release of unemployment data. June saw 467,000 jobs axed and the unemployment rate hitting 9.5%. The New York Times wrote it was “a sobering indication that the longest recession since the 1930s had yet to …

U.S. house prices down 32.6% and counting

July 1, 2009 admin Comments Off

The Standard & Poor’s/Case-Shiller Home Price Index show house prices in the U.S. are continuing to fall. Prices for the 12 months to April ’09 fell 18.1%, only slightly slower than the 18.7% year on year fall to March ’09. From the dizzy peak three years ago, U.S. house prices …