बुधवार, 4 दिसंबर 2013

Global Housing Market 'Train Wreck' coming: ROUBINI

Devendra Makkar
Nouriel Roubini, the noted economist who correctly predicted the U.S. housing bubble and its collapse, now sees an impending housing market train wreck of global proportions, with housing markets in 18 countries vulnerable to a meltdown. "What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck. And, like last time, the bigger the bubbles become, the nastier the collision with reality will be." In emerging markets, the housing bubbles are being formed by efforts to manipulate currency rates, high inflation, lack of other investment alternatives and rapid urbanization whereby housing demand is outstripping supply, Roubini notes. the affected overheated housing markets include those in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, the United Kingdom (London), Hong Kong, Singapore, China, Israel, Turkey,...See More
Global Housing Market 'Train Wreck' coming: ROUBINI Nouriel Roubini, the noted economist who correctly predicted the U.S. housing bubble and its collapse, now sees an impending housing market train wreck of global proportions, with housing markets in 18 countries vulnerable to a meltdown. "What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck. And, like last time, the bigger the bubbles become, the nastier the collision with reality will be." In emerging markets, the housing bubbles are being formed by efforts to manipulate currency rates, high inflation, lack of other investment alternatives and rapid urbanization whereby housing demand is outstripping supply, Roubini notes. the affected overheated housing markets include those in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, the United Kingdom (London), Hong Kong, Singapore, China, Israel, Turkey, India, Indonesia and Brazil. "But the higher home prices rise, the further they will fall — and the greater the collateral economic and financial damage will be — when the bubble deflates," he predicted. A two-bedroom Beijing flat now costs an average of $330,000 — about 32 years of salary for the average worker, The Telegraph reported. "China's property moguls are uneasy — and fear the boom has become a bubble at risk of bursting," the Telegraph said. In Australia, the biggest banks are providing easy loan terms that have helped to fuel record house prices, according to Bloomberg. http://www.moneynews.com/Markets/Roubini-housing-bubble-emerging/2013/12/02/id/539487?ns_mail_uid=4920511&ns_mail_job=1548322_12022013&promo_code=15C98-1 US Economic Policies a Perfect recipe to kill the Main Street of any Country. India has blindly adopted the Zionist Economic Policies, without taking into account America; a one time Super Power is barely crawling and can’t even walk under the load of these Anti-common people and Pro 1% Rich policies. The top 1% owns 43% of the US assets, 9% owns 40%, 10% owns 10% and bottom 80% owns princely 7% US assets. Today America has 50 mil people on Food Stamps, 20 mil unemployed, 30 mil under-employed, 16 mil children facing hunger, 2.5 mil homeless youth and 70 mil with no health insurance. Above all $17 Trillion external debts, $4 Trillion state government debt and $175 Trillion in unfunded liabilities. Today if you sell every American’s assets the total that can be realized is $78 trillion! http://americafraud.blogspot.com/2013/09/USEconomicPoliciesRecipeToKillMainStreet.html

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