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A friend sent me the following link today.
June 21, 2012
The euro crisis, in one picture
Inflation Adjusted House Prices 2.5% Below 2022 Peak; Price-to-rent index
is 9.8% below 2022 peak
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Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted
House Prices 2.5% Below 2022 Peak
Excerpt:
It has been 19 years since the housin...
1 hour ago
4 comments:
Love it. Of course, my question is, when do the Germans realize that their export-driven economy is now entering stall speed. The Chinese PMI has contracted for the 8th month in a row, and they have effectively euthanized the PIIGS. Looking to sell to the BRCs? Slowing there too. US...got a pulse, not much else. I do hope the Germans have a plan.
fried,
US...got a pulse, not much else.
We have a strong recovery with creativity and strength.
"We have a fun environment with creativity and fun."
Same tune, slightly different lyrics, lol. Sigh.
Stag,
It really is an illusion of posterity. Everyone thinks they understand history. Everyone thinks they understand how the system works.
The brainwashing has been immense. Still, the outcome is not a certainty. Either way, trouble looms.
mab,
It really is an illusion of posterity.
Nice. The "poster" is real though. I'm fairly sure of that. ;)
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