Tag: bubbles
-
The Four Phases of Fascism
So, Austria has in large numbers, voted right. Far right. Ally this to the Jobbik thugs in Hungary, the toxic religio-nationalist rhetoric of the Slovaks, the bubbling threat of the Golden Dawn, the slipping towards legal autocracy of Poland, the rise of Alternative for Deutschland, the rise of xenophobic politics in the UK (for that,…
-
Would maximum Loan to Value Ratios have much effect on Dublin House Prices?
The central bank of Ireland is rumoured to be interested in imposing loan to value limits, as well as loan to income limits, on mortgages. The objective here, it appears, is to try and cool down the housing market in Dublin. A big part of the problem in the Dublin market, which is going gangbusters, is…
-
Bitcoin Bubble(s)
Bitcoin is soaring. I have previously noted a new test (The generalized sup-ADF test of Phillips for the technically minded : see https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=CEF2010&paper_id=69 if interested) for bubbles. Applied here we see not one but two bubbles in bitcoin. The shaed series is the test statistic, the light green line its critical value – when the…
-
Is there a bubble in the UK housing market?
Recently there has been an upsurge of concern about a house price bubble in the UK. New Governor Mark Carney has made soothing noises about the existence of one. Recent developments in econometrics allow us a new test which might be able to shed some light on this; it also tantalizingly allows us the possibility…