tag:blogger.com,1999:blog-8492416005551532574.post3573849543110502117..comments2024-01-09T08:21:38.158+02:00Comments on Finnish Housing Bubble Bursting - Asuntokupla: A "Resolution Mortgage Corporation" ?HousingFinlandhttp://www.blogger.com/profile/11208457813231210207noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8492416005551532574.post-32125553111362517492013-04-11T00:57:41.689+03:002013-04-11T00:57:41.689+03:00Great blog! Do you have any helpful hints for aspi...Great blog! Do you have any helpful hints for aspiring writers?<br />I'm planning to start my own blog soon but I'm a little lost on everything.<br />Would you recommend starting with a free platform like Wordpress or go <br />for a paid option? There are so many options out there that I'm totally confused .. Any tips? Thanks!<br /><br />Here is my weblog; <a href="http://onlinewebs5.fotopages.com/" rel="nofollow">Discover More Here</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-27575300865088871212008-09-22T13:31:00.000+03:002008-09-22T13:31:00.000+03:00The NZ central bank has been lowering interest rat...The NZ central bank has been lowering interest rates but even so lending standards are tightening. The guy on this video has been producing more or less a daily informational video for interest.co.nz.<BR/><BR/>http://www.youtube.com/watch?v=sSHKneLQEfs<BR/><BR/>New Zealand is a few months ahead of Finland, and the insulating Nordic banking alliance should protect Finland but already we are seeing signs that this kind of thing could arrive in Finland.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-74249213632950351402008-09-20T10:58:00.000+03:002008-09-20T10:58:00.000+03:00" I always though thatb free market was the right ..." I always though thatb free market was the right model, "<BR/><BR/>We dont have free markets. Interest rates have been too low for the market for years. Money market rates now would be much much higher without all of the money that has been made available at artificially low rates.<BR/><BR/>All thru this month the market was refusing to lend dollars at the rates the market meddlers were saying rates should be. The market meddlers have now done what was necessary to enable the market to lend at the artificially low market rates. So that problem might have now been solved.<BR/><BR/>In the bigger picture it might be the end of the beginning. Further down the track there is now a massive amount of money in the system via artificially low interest rates that has no rightful place to be there and it will have to be drained out to avoid massive inflation.<BR/><BR/>Meanwhile it is true we have massive monetary deflation with also high price inflation.<BR/><BR/>In the free market in the euro area the whole market is controlled/influenced/managed/manipulated by a small group of people so that the market moves as they want it to.<BR/><BR/>Free markets?? ;-))Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-88302478970331310052008-09-19T19:40:00.000+03:002008-09-19T19:40:00.000+03:00Another important point that i left aside, is that...Another important point that i left aside, is that the move made by the Treasury and the Fed is as a political move.<BR/><BR/>That could give a temporary boost in the moral of the consumer and stock market, a crucial time before the election. So here McCain could score...<BR/><BR/>To be Franck, I always though thatb free market was the right model, but in the last few weeks, including today. The market is completely broken. It looks like a Casino... From Euphoria to despair back and forth on a daily basis.<BR/><BR/>When bank are making move as big as 40% a day, it's total nonsense... Where are the analysts and capitalist brains? same apply for other sectors...HousingFinlandhttps://www.blogger.com/profile/11208457813231210207noreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-11372545000181029552008-09-19T18:10:00.000+03:002008-09-19T18:10:00.000+03:00I agree that lots of short covering were in action...I agree that lots of short covering were in action, especially in the financial stocks.<BR/><BR/>More speculative money went as well in resources and materials.<BR/><BR/>Coming to fundamentals, economies around the world are slowing therefore this bounce will be short live.<BR/><BR/>Now I see deflation in the next few years, but i don't rule out in a decade to see interest rates much higher that what we have today. After the global economy gets out of recession, then huge issues will rise again - especially on the oil front - if nothing is done in the meantime (i.e electrical cars).<BR/><BR/>Bank & people deleveraging is deflationnary phenomenon, we have had glimpse of it during 1991-2 or 2002-3.<BR/><BR/>I'm not against wage rise, but I don't like the idea that Union should set or agree my wage rise and even more the wage rise is the same for all ...<BR/><BR/>Union have lost powers and will lose even more over time. In any case I have see very little activity of union in important time. This lack of activity is just highlighting a decline in their strengh (you can clearly see it in the paper industry especially when they do an anemic 1 day strike when 1000 job will be lost).<BR/><BR/>I think wage should be agreed based on people quality and productivity. Not on any "nonsense" wage settlement or indexation stuff...<BR/><BR/>How will India do if globalization was not in force? just to name one country...HousingFinlandhttps://www.blogger.com/profile/11208457813231210207noreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-10272524571084365822008-09-19T13:02:00.000+03:002008-09-19T13:02:00.000+03:00HousingFinland"Union have lost their power. They w...HousingFinland<BR/><BR/>"Union have lost their power. They were, finnaly, the collateral damage of the globalization. "<BR/><BR/>I am not a socialist but i think you have blurred that in some way and that politically we see some things quite differently.<BR/><BR/>Countries like britain became wealthy by exploiting other nations and enabling their own firms to employ people in terrible conditions while the elite were like Lords up in the stratosphere of society.<BR/><BR/>But even so people under british rule did become more educated and were able to fight to improve their own conditions.<BR/><BR/>In Britain, stupid employers who did not innovate, battled with stupid workers who felt their employer owed them a living.<BR/><BR/>The employers needed a way to transfer their production to other countries with cheap labour and so globalisation became the new buzz word, once that started then no firm of any politics could employ people to produce if their competitors moved overseas. <BR/><BR/>You often sound like an elitist because you often say the workers need to allow their wages to be devalued and you dont seem to want to report on the continually rising inflation. There are various Mr Kone Cranes in Finland, hopefully you will be also calling upon them to do their part for Finland.<BR/><BR/>When money was honest there was no inflation for 300 years.<BR/><BR/>Inflation now is part of the solution - even as we stare into the abyss of the worst deflationary crisis of all time.<BR/><BR/>Banning short sales will help i think. As will separating out toxic waste. But even so there is still a process here that has to be worked thru and i can see 5 years or more before we can say things are brighter. <BR/><BR/>Banks *and* people are going to have to delever. If we are lucky then it is "that 1990's show", when Finland was brought to its knees in one of the worlds worst ever disasters ever to happen to an economy.<BR/><BR/>But it was also a cleansing and a cure. A bit like collonic irrigation or radiation therapy in that it is terrible but you get better. <BR/><BR/>The chaos is part of the cure.<BR/><BR/>Lower rates is part of the illness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-23064109238501678052008-09-19T10:10:00.000+03:002008-09-19T10:10:00.000+03:00It better works, otherwise it's mayhem...-AntonIt better works, otherwise it's mayhem...<BR/><BR/>-AntonAnonymousnoreply@blogger.com