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What a taifun in Vietnam taught me about the Euro crisis
As I was traveling through Vietnam in the mid-nineties our bus drove through an area visited by a taifun. The road was running on a slightly elevated dam, so initially there was no obstacle to continue the journey. Looking out of the window there was water on both sides as far as the eye could…
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US house price decline accelerating
US house prices have entered into an accelerating decline. The more I dig into the details the worse it gets. The most widely followed measure of US single family home price is the S&P Cash-Shiller Home Price Index (CS HPI). First a word on how it is calculated: “The S&P/Case-Shiller Home Price Indices are calculated…
Month: February 2011
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