Not exact matches
This is worse than the
level observed at the 2007 market
peak, or at any point in history outside of the late - 1990's market
bubble.
Meanwhile, home prices in San Diego are approaching the
peak levels reached during the last housing
bubble.
I've noted before that while the
bubble peak in 2000 was the most extreme
level of valuation in history on a capitalization - weighted basis, the recent speculative episode has actually exceeded that
bubble from the standpoint of speculation in individual stocks.
Household debt
levels relative to incomes are now well above where they were in the U.S. at the
peak of that country's housing
bubble.
Speaking of a system bulging with debt protruding from every crevice, Jim Quinn's Burning Platform featured a must - read article yesterday in which the author has discovered that the Loan - To - Value Ratio on Fannie Mae - issued mortgages is now at its highest
level in history — nearly 10 % higher than at the
peak of housing
bubble 1.0:
We haven't seen
levels this high since 2004 when we were at the
peak of the housing
bubble, the construction sector was booming, and we had high employment.
Experts worry that China's property market may be heading into
bubble territory as the economy's dependency on real estate reaches a
level close to the housing
peaks in the U.S. and Japan.
But if Prosperetti's theory holds true, the heat inside the
bubbles would
peak at about 10,000 degrees F, the
level found at the sun's surface.
In fact, at a 75 % discount to growth on price - to - tangible book value — two standard deviations below the average long - term
level — value hasn't been this cheap relative to growth since the
peak of the» dotcom»
bubble.2 But, is this unpopularity permanent?
By now, home prices have recovered to
levels higher than at any time other than the
peak three years of the housing
bubble.
As shown, the
level of real (inflation adjusted) margin debt as a percentage of real GDP has reached
levels only witnessed at the
peaks of the last two financial
bubble peaks in the U.S.»
This has inspired lots of foreboding talk about how our «soaring» household debt - to - income
levels are now higher than U.S. debt - to - income ratios were at the
peak of their housing
bubble.