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10:08 am
November 26, 2011
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Jae Jun
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very nice info. Thanks alot.
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3:13 pm
November 23, 2011
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somrh
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I'm enjoying it (granted, I'm probably not normal.) It's pretty dry reading but it's not as dry as I expected it to be. And I just got finished with the part of the book that the author's said you could skip.
I've only read two of Lewis' books. I'll probably do his others at some point. He's entertaining.
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1:56 pm
November 23, 2011
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Graeme
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You enjoying that book? It's on my list, but I've been blowing through the Michael Lewis anthology the past couple of weeks. Let me know if it's worth it.
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1:03 pm
November 23, 2011
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somrh
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Post edited 5:15 am – November 23, 2011 by somrh
No problem.
As a follow-up, I've been reading Reinhart and Rogoff's This Time is Different which is basically a summary of 8 centuries of financial crisis data. There's a pretty interesting relationship between real estate booms/busts and banking crises. The data suggests that many banking crises are preceded by a run-up of housing prices.
The title of the book comes from an amusing anecdote:
Back around the time of the collapse of the hedge fund Long-Term Capital Management in 1998, which seemed like a major criss then but seems less so given recent events, [Vincent Reinhart] attended a meeting of the board of governors with market practitioners. A trader with an uncharacteristically long memory explained, "More money has been lost because of four words than at the point of a gun. Those words are 'This time is different.'"
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11:58 am
November 22, 2011
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nell
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@somrh: thank you for your sharing this terrific information!
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2:09 pm
November 19, 2011
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somrh
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| Member | posts 336 |
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The Global Property Guide is an extremely useful website. It's a collection of data on property prices around the world. Of particular interest are rental yields (or price to rent if you prefer the inverse). Take for example China:
China Rental Yield
This, of course, is consistent with the thesis given by Chanos and others that China is in a property bubble.
At the top, it'll tell you when the data was collected (Feb. 2011 for the China data) so you can see how up-to-date the info is.
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