The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
It looks like the Spanish Real Estate market is the next victim of the “decoupled” USA economy.
Spain is suffering collateral damage from the collapse of the U.S. market for mortgages to the riskiest borrowers and the swoon in U.S. real estate. Spanish banks have exceeded their European peers in tightening lending standards, prompting a plea [...]
Will we be able to stay out of the financial dog house? Maybe, but only if 10 year yields can stay below 4.5%! Why 4.5%? If you look at the chart below, the RE market took off right around the time the yields dropped below 4.5% in late 2002. Subsequently, the RE market [...]
To build on yesterday’s post, I called a few more of my Civil Engineering buddies yesterday, one resides in California and other in NJ. Both gave me conflicting reports on how active their phone has been ringing. My NJ buddy told me that his phone has been very active but its because owners want [...]
I’ve been in the Civil Engineering business for over 13 years now and I work on large transportation related projects such as light rail, roads, subways, etc. I recently left my old job because they weren’t winning any work and I had nothing left to do. I thought this was strange because engineering [...]
I’ve been laying low for a while now with respect to buying and flipping foreclosure properties. You might think that I’m nuts because everywhere you turn now you see and hear about the parabolic rise of foreclosures in this country and the end of the RE world.
Although foreclosure activity has picked up [...]
I’ve been following the Case Shiller Home (should be House) Price Index for a while and decided to graph the latest New York City data. What you find when you graph the data is that house prices in the NYC area made a greater than 2 standard deviation move at its peak. [...]
