Monthly Archives: February 2010

Governments have gone to extremes trying to prop up and save home prices from the normal corrective forces of over-supply and weak demand. The trouble is they have blown a fortune trying to stop the inevitable reckoning process, and in … Continue reading →

The US banking system will lose 30 percent more than consensus estimates as shrinking loan portfolios squeeze profits, analyst Meredith Whitney told CNBC. While increased governmental regulations will restrict the industry somewhat, Whitney said that the decline of up to … Continue reading →

Gary Shilling was on Bloomberg yesterday explaining the possibility of parity for the Euro-Dollar exchange rate. That would be a further 25% increase of the U$ versus the Euro at this point and is likely to have broadly negative implications … Continue reading →