Puru Saxena is an investment adviser for individual and corporate clients in Hong Kong as well as a widely cited expert and regular guest on CNN, BBC, CNBC, and Bloomberg. In the following recent interview with Financial Sense Newshour, he argues that Hong Kong, as well as China, is in store for a massive real estate bust and recession. When will this happen? When the U.S. starts raising interest rates.
The Census Bureau reported a decline in month to month seasonally adjusted new house sales yesterday, but a solid increase on an annual basis. It was a confusing report, but the bottom line is that new house prices are inflating, but sales are still dead in the water relative to historical norms.
While inflation seems to be on everyone’s mind these days, misconceptions abound. Indeed, few concepts in economics are as misunderstood as inflation. This month I take a look at some common questions about inflation, and a few that I wish more people were asking.
I recently had a fascinating chat with the economist Peter Šurda to discuss how nonpolitical cryptocurrencies like bitcoin could alter the future of fractional reserve banking.
More than a decade after the tech wreck of the early 2000s left a generation of investors chary of such stocks, it’s time to rethink, Berezin said on February 28, 2013. A major resurgence of high-tech companies could well be a key investment theme of the next decade or two.
The purpose of this essay is to put the latest crisis in the context of longer-term debt trends in the US and to attempt some predictions in respect to the US economy and financial markets.
It’s amazing how fast things change. Within a relatively short period of time, ideas once inhabiting the realm of absurd, fringe, or pure fiction have now gained enough influence to draw the attention of congressional hearings, news reports, and, to my latest surprise, the front cover of a prominent research publication read by major institutions, central banks, and governments around the world.
Since early 2009, the American stock market has more than doubled while the economy has crawled up by about 2 percent. Bad economic news is good market news. Sequester? Stocks zoomed right past it.
Of Interest and the Dangerous Habit of Suppressing It
The idea that the charging of interest is unethical and should be banned has a long tradition in the history of human civilization. It seems to have played a role at some point in all the major religions, certainly in Christianity, Judaism and Islam, and it is today promoted most strongly by advocates of Islamic banking.