The Most Splendid Housing Bubbles in Europe: Biggest Price Drops in Germany, Finland, Sweden, Austria, France, Denmark by Wolf Richter • Jul 6, 2024 • 80 Comments But new highs in Portugal, Spain, Poland, Belgium, Ireland, Romania. A wild ride.
Prices of Existing Homes in Germany Tank 14% so far, as ECB-Fueled Housing Bubble Turns into Housing Bust by Wolf Richter • Mar 22, 2024 • 112 Comments Germany is an example of what interest-rate repression and QE do to home prices, and what happens when inflation causes those policies to be reversed.
Stock Markets Years & Decades after Huge Bubbles Imploded: China, Hong Kong, Japan, UK, France, Germany, Italy, and Spain by Wolf Richter • Dec 31, 2023 • 146 Comments This cannot possibly happen to US markets because US markets are special?
QE Giveth, QT Taketh Away: German Home Prices Tank as ECB’s Balance Sheet Drops by €1.85 Trillion by Wolf Richter • Dec 24, 2023 • 82 Comments Biggest home-price drops in the data going back to 2000 triggered by the biggest QT and highest rates in ECB history.
End of Free Money Plunges German Construction Industry into Crisis by Wolf Richter • Oct 16, 2023 • 122 Comments A black swan of sorts no one was ready for: Negative interest rates turned positive, and all heck broke loose in the property development sector.
QE Giveth, QT Taketh Away: German Home Prices vs. ECB Balance Sheet by Wolf Richter • Sep 22, 2023 • 143 Comments The QT show started less than a year ago. German home prices -11%, ECB assets -19%.
Natural Gas Futures in Europe Plunge 77% from Crazy Spike by Wolf Richter • Dec 28, 2022 • 92 Comments Record supply of LNG from the US and other sources. Record supply from Norway via pipeline. Conservation, power production shift… It adds up.
Euro Inflation without Energy Rages to New Record. Overall CPI Second Worst Ever by Wolf Richter • Nov 30, 2022 • 133 Comments The ECB’s horror show.
Horror-Show Inflation in Euro Countries: Overall 10.7%, Germany 11.6%, Without Energy 6.9% by Wolf Richter • Oct 31, 2022 • 157 Comments “Defeating inflation is our mantra, our mission, our mandate,” that’s “why we have to raise interest rates”: Lagarde now after years of money-printing.
Eurozone Inflation Spikes to 10%, Ex Energy 6.4%. Germany 10.9%. From Temporary Inflation mid-2021 to Runaway Inflation by Wolf Richter • Sep 30, 2022 • 77 Comments This inflation shock finally goosed the ECB out of its reckless NIRP policies.
