by Wolf Richter • • Comments Off on Here’s the Chart that Shows Why the Housing Market Is Sick
Homeownership hit the skids when homes became a highly leveraged asset class, flipped and laddered by speculators, rather than lived in by normal folks.
European Council President Van Rompuy had a dream: the sanctions “should have a strong impact on Russia’s economy” but only “a moderate effect on EU economies.”
Barron’s, 2007: “Against this troubling backdrop, it’s no wonder investors are worried the bull market might end in 2008. But Wall Street’s top equity strategists are quick to dismiss such fears.”
As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.
