Philip Chua Business Blog

Posts Tagged ‘bust’

SOME 13 months ago, just after Lehman Brothers went bust and stocks all over the world were crashing, many fingers of blame were pointed in the direction of short-sellers – particularly those of a naked persuasion.
Such sellers were those who had no shares in their possession but sold anyway, as opposed to ‘covered’ short sellers who borrowed scrip to cover their sales.

In the world of high fina… more

FINANCE Minister Tharman Shanmugaratnam yesterday said the government will use every tool at its disposal ‘in a calibrated fashion’ to prevent boom and bust in the property market. One day after the Monetary Authority of Singapore served notice of further action to cool the housing market if needed, in the face of growing speculation risks, Mr Tharman spoke about the need to manage the property cy… more

It’s worth at least thinking about the possibility of a dollar bust. The reason the housing bust had such devastating consequences was a failure of imagination.

Construction of new homes and apartments dipped slightly last month, missing expectations, in a sign that the building industry’s recovery from the housing bust is likely to be bumpy and gradual.

AP – Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.

Construction of new U.S. homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence as they emerge from the housing bust.