Archive for September, 2010
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Markets. 23 September, 2010, 16:24
U.S. Stocks Rise as Technology Rally Overshadows Jobless Claims
From Bloomberg: U.S. stocks fluctuated, erasing an earlier loss, as a rally in technology shares and growth in existing home sales offset an unexpected increase in jobless claims. Apple Inc. climbed 1.4 percent as an analyst boosted estimates for iPad sales, while Red Hat Inc. surged 11 percent after the largest maker of Linux software [...]
Real Estate, World. 23 September, 2010, 15:00
US home sales better than expected, earlier losses reversed in stocks
From Bloomberg: Sales of U.S. previously owned homes rose in August to the second-lowest level on record, indicating housing remains depressed a year after the economic recovery began. Purchases of existing houses climbed to a 4.13 million annual pace, in line with the median forecast of economists surveyed by Bloomberg News and second only to [...]
The Biggest Risk in Global Economy (part 1)
The author actually thinks that the risk outside of the developed market (i.e. U.S. and Europe) is so large that you can’t ignore.
Markets. 23 September, 2010, 11:01
US Investment Views 23 Sept
Asia Most Asian markets are closed today. The disputes between China and Japan over the Diaoyu/Senkaku Islands have shown no sign of going after the captain of a Chinese fishing boat was detained for more than half a month. China PM Wen Jiabao threatened to step up their response to Japanese action, and Japanese authority [...]
Hong Kong, Real Estate. 23 September, 2010, 5:03
What can you make of the experience of 1997 home prices crash in Hong Kong
If you think that the experience of Hong Kong is a good guidance, expect tough time for a few more years.
Real Estate, World. 22 September, 2010, 18:00
Home Prices continue to fall in US
From Bloomberg: U.S. home prices dropped 3.3 percent in July from a year earlier, the eighth consecutive decline, as foreclosed properties flooded the market. Prices fell 0.5 percent from June, the Federal Housing Finance Agency in Washington said in a report today. Economists had projected prices to fall 0.2 percent from the previous month, based [...]
Hong Kong, Real Estate. 22 September, 2010, 9:38
Real Estate: are home prices in Hong Kong too high?
According to Centaline, the major real estate broker in Hong Kong, the overall home prices have risen 15% Year-to-date, and 48% since the market recovered from the drop triggered by the bankruptcy of Lehman Brothers. Quite a spectacular increase indeed. Centa-city Leading Index, Source: Centaline Analysts and commentators cite that the record-low interest rates after [...]
This Time Is Different: Eight Centuries of Financial Folly
Unfortunately, human beings are not very good at remembering the past and forecasting the future