web analytics

Eurozone Crisis: Another Chapter in the Never-Ending Saga of Boom and Bust

The euro crisis is merely the newest version of a tale that has been told repeatedly since the Industrial Revolution.  But Is the crisis over? How will the economic cycle unfold next time? Read this thought-provoking piece from Akhil Patel, Director of Ascendant Strategy and EIS subscriber, written for a blog at the London School […]

Read full story Comments { 0 }

Thank heavens: We are now protected from the banks…

Treasury Secretary Jacob J Lew asserted last month (December 2013) that the Obama administration’s vast overhaul of the financial system is close to accomplishing its goal of shielding society from the dangers posed by giant banks and making sure they won’t again bring on economic collapse.  See this link for more: http://dealbook.nytimes.com/2013/12/05/treasury-chief-to-declare-big-gains-in-financial-reform Here is what […]

Read full story Comments { 0 }

The banks were saved but the people ruined

Buying when there is blood in the streets: http://www.bloomberg.com/news/2013-10-31/greek-recovery-makes-stocks-world-s-best-as-paulson-buys.html But oh so hard to do when all the pundits and economic ‘experts’ were certain – it was ‘obvious’ – that Greece would collapse.  Holders of Greek bonds this year have returned in excess of 100%.  It is helpful to understand the real estate cycle and […]

Read full story Comments { 0 }

Turning further

“Investors will this week be offered the chance to buy a novel security backed by thousands of foreclosed homes across the US purchased by the private equity giant Blackstone and converted into rental properties.  The sale will be closely watched by bankers, hedge funds and private equity firms, with a belief that strong demand for […]

Read full story Comments { 0 }

Bigger, larger, longer… Another cycle anyone?

The same old same old is back in Dubai: http://www.ft.com/intl/cms/s/0/24335522-2c20-11e3-8b20-00144feab7de.html “Speculators fuel property surge in Dubai“  I did a strategy session with Dan Denning at Port Phillip Publishing earlier this year (March) discussing the bullish outlook and highlighting how we would get a repeat of past behaviour, just like that starting again in Dubai.  You […]

Read full story Comments { 0 }

One banker hasn’t given up

The new Bank of England Governor, Mark Carney, had this to say, September 2013, as a column in the FT: http://www.ft.com/intl/cms/s/0/a0e95652-1960-11e3-83b9-00144feab7de.html “A plan to finish fixing the global financial system“.  Seems he hasn’t given up after all ! But oh how isn’t this simply echoing everything I wrote about in my book?  The downturn after […]

Read full story Comments { 2 }

Text book economic recovery out of real estate lows…

Western economies are recovering out of the land-price-led lows of 2010 in text-book fashion; the 200 years of history of which I describe in my book Secret Life of Real Estate and Banking. Further buying by the Chinese in the UK and Europe: http://www.telegraph.co.uk/technology/news/10380821/George-Osborne-trumpets-Chinese-investment-in-London.html Chinese internet company Rekoo, also a social gaming company, is to […]

Read full story Comments { 0 }

Which side do you want to be on? (The real consipiracy no one comprehends.)

Madness really: Governments instituting housing policy designed to get more people onto the property ladder, especially in the UK; policies they know will just add to the cost of a house.  This is partly a conspiracy.  High house prices keep people working harder, enslaved to bank debt to afford entry, which makes for a tired […]

Read full story Comments { 0 }

The build into 2026 continues…

I think the cycle turned quickly this time, more quickly than prior cycles. http://www.theguardian.com/business/2013/sep/22/britain-runs-out-of-bricklayers “housing boom brings year of the 40k brickie“ It appears slower than past cycles both because we are living through it and also I think because expectations for results have sped up with technology innovation.  I am still of the opinion […]

Read full story Comments { 0 }

Have the bankers given up?

As reported in the FT last month: http://www.ft.com/cms/s/0/020103b6-0b4e-11e3-bffc-00144feabdc0.html “Central bankers have given up on fixing global finance”  “The world is doomed to an endless cycle of bubble, financial crisis and currency collapse. Get used to it. At least, that is what the world’s central bankers – who gathered in all their wonky majesty last week […]

Read full story Comments { 0 }