Daily Reads

Another edition...

• Hong Kong Housing Prices Continue to Drop
• As expected, the Asia property prices for places like Hong Kong (and China and Singapore as well) continue to drop.  The bubble it was in for several years was a bit delayed vs the western countries but it was inevitable as valuations were significantly higher than historical trends.
• Japan Corporations Cutting Outlook
• As mentioned on the last edition, the Yen is not sustainable at its current level if Japanese companies are to be competitive.  Its not a question of whether Japan needs a devaluation, its a question of how and whether the Japanese government is capable of doing it.
• Case Shiller Index Shows House Prices Continue To Drop
• While indicators show the market is no longer accelerating, the market is still yet to fully turn around.  Has it been lounging around in the bottom?  Maybe.
• Last Year's Laggards Are This Year's Heroes
• Last year's poor performers (hello financials) have outperformed this month so far.  Lets see if they can keep this up.