Thursday, 8 November 2012

Flying Piggies ...



"In a report titled: “Just don’t look down some house markets are flying again” Goldman Sachs argues easy money policies by the world’s major central banks has had a ripple effect on countries which have avoided the worst of the global financial crisis, boosting their house prices.
According to Goldman, there now exist housing “high-flyers” - countries that have experienced real house price increases and “low-lyers” - countries where the housing market downturn appears to be more protracted.
“High flyers” include Germany, Finland, Norway, France, Switzerland and Israel as well as Canada and Australia." Source: CNBC

"What goes up, goes down", ConfuciusHousingFinland

3 comments:

Andrew said...

Confuscious was probably aware of the dangers of living in a period without a gold standard where money could be whatever value suited those who benefit most from the value

In fact, I am reliably informed that Confuscious he say that those who rely on government to maintain value of fiat currency, need head examined.

Balmat said...

Indeed Bad News in Europe in general...
We are all firing people, I was fighting in my firm to make them understand that the Double Deep will start in 2012 ... They did not follow my advises ... We are now paying the price....
Interesting article
http://www.bloomberg.com/news/2012-10-25/finland-battered-by-real-job-cuts-as-crisis-ages-nordic-credit.html

HousingFinland said...

@Balmat
Indeed a very interesting article.

@Andrew
Government & Central Banks have been playing the alchemist, maybe thinking what they touch will be transformed into gold. It could turn to be an illusion and get very quickly sour and out of control...where everything turn to dust if they continue printing (keeping interest rates that low and artificially maintaining some rates low) as fast as the economy deteriorate.