The Bank for International Settlements (BIS) has warned record low interest rates could fuel a new global financial crisis, one much more severe and prolonged than experienced in 2008. In the bank’s 84th Annual report, released on Saturday, it raises the phenomenon it calls the debt trap. When debt bubbles …
On Thursday night, Moody‘s Investors Service warned Australia’s real estate market may be overheating and it “appears to be increasingly likely to get caught up in a positive price-feedback loop and eventually could face a correction.” Echoing warnings from the International Monetary Fund (IMF) last week, Moody’s indicate “both price-to-income …
Data released today from Beijing’s municipal bureau of statistics show housing sales in Beijing has plunged 39.4 percent year on year to May, a further sign China’s property market is cooling. Sales of commercial buildings, which include residential and commercial property, slumped 33.6 per cent over the same period. Today, …
The International Monetary Fund (IMF) has warned another devastating global housing crash, reminiscent of 2008, is on the cards if governments around the world fail to take decisive action. Global house prices are now at a level that could pose significant systemic risk to economies around the world. In a …
Paul D. Egan and Philip Soos has just had their new book published – Bubble Economics: Australian Land Speculation 1830 – 2013. It is available for download from the World Economics Association. Egan and Soos looks back over Australia’s three Depressions showing how land bubbles attributed predominately to their creation …
Copyright 2006 - 2022