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Blogroll

• 20070308: Bad debts on the rise in mortgage belt
• 20070309: Late-paid mortgages show pain in suburbs
• 20070314: LateLine on the US Sub-Prime Crisis - Video of Tom Iggulden’s report on New Century’s woes and arguments (including mine) about its relevance for Australia
• 20070314: Warning on ’silly’ loans - The Age covers the new ’shared equity loans’ being offered by Adelaide Bank and St George
• 20070317: Onward rolls the sub-prime story in the USA
• 20070725 New York Times “‘Lender Sees Mortgage Woes for ‘Good’ Risks”
• 20070725 New York Times Op Ed “‘Stopping the Subprime Crisis”
• 20070815: 7.30 Report “American mortgage shock waves hit Australia” - Profile of the Cooks case and views on the likely collapse of the mortgage market in Australia
• 20070826 New York Times: Inside the Countrywide Lending Spree - Inside the Countrywide Lending Spree
• 20070917: How bad debt infected the world - Excellent Sunday Telegraph feature on CDOs
• 7.30 Report - Many Baby Boomers will retire in debt–and I’m probably one of them!
• ABC PM on US Subprime Crisis - Stephen Long covers the USA Subprime crisis and local angles with interviews of Steve Keen, Ian Rogers (The Sheet) and David Tennant (Care ACT)
• Bear Stearns: Turmoil in sub-prime mortgages
• Beware of Exploding Mortgages (New York Times June 10 2007)
• Can the mortgage crisis swallow a town? - New York Times chilling description of the mortgage crisis’s impact on one town in Ohio
• Centre for Policy Development - The policy portal that evolved out og the New Matilda
• Credit derivatives: At the risky end of finance - The Economist on derivatives
• Debtwatch Podcast - Debtwatch’s Monthly Podcast with Stuart Cameron (www.cameronmedia.com.au)
• Debunking Economics - My Debunking Economics website. A wealth of lectures and papers, and a poverty of organisation!
• Doug Noland - Doug Noland’s Credit Bubble Bulletin: the best analysis of America’s Speculative Bubble
• First home payments hit $3000 per month
• FN Arena: Mortgage crunch in Australia too? - FN Arena covers my March Debtwatch and more optimistic (or Panglossian?) takes on the situation from Macquarie Bank, etc.
• Global House Price Crash
• House of credit cards may fall - Robert Lusetich, Los Angeles correspondent for The Australian, bemoans the nature of America
• Housing Affordability
• iTulip - One of the best commentary sites on the Internet Bubble has been reborn amid the USA’s mortgage binge
• NZ Reserve Bank on Regulation: PM May 9th 2007 - Interview on the Budget, Inflation, and New Zealand’s Reserve Bank’s shift on regulation
• Our economic managers - Non Sequitur’s brilliant take on those who think the “status quo” will last forever
• Property Knowledge Group - An interesting impartial forum on housing issues, unlike most such forums that are either bulls or bears. Holds regular public debates on the topic. Well worth attending
• RBA 2003 Conference on Asset Prices and Monetary Policy - This is an excellent set of papers on the dangers of leveraged speculation, and the capacity of the market for irrational behaviour.
• RBA Bulletin Statistical Tables - The good people at RBA Statistics have recently added a Zipped file that contains all their XLS files–many thanks!
• RBA Speech March 16th - One economic indicator not considered in Dr Edey’s presentation was the level of private debt…
• Shared Equity Loans - Well-researched article on the pitfalls of shared equity mortgages
• The New Matilda - Intelligent alternative thought on social and economic issues in Australia
• True rate of home defaults hidden - Repossessions may be four times higher than reported figures
• Two Depressions, One Banking Collapse - An excellent comparison of the 1890 to the 1930 Depression, by Chay Fisher & Christopher Kent, which shows how much more severe the 1890 downturn was for Australia, and the role of debt and housing speculation in that crisis
• US Federal Reserve Historical Statistics - I use the Zipped “tabs” files from this page; check the bottom of the page for an explanation of the data structure
• US Housing Crash Blog