Links: 2013-03-05

News links for 5 March 2013 Return of the housing bubble - Business - Macleans.ca I am less afraid of the uptick in house prices. I wouldn't call it a bubble since prices are not at bubble levels. But it does defy the normal course of price corrections and suggests that the last downturn in prices could re-assert itself if the uptick is too far too fast. "Around the world, housing is fuelling a whole new frenzy of speculation and unrealistic optimism" Wall Street’s latest idea - FT.com "Yet in the financial industry, collateral transformation is viewed simply as a tool to comply with new rules. The process involves banks helping funds pledge their illiquid securities, in exchange for more liquid collateral which can then be used to back derivatives trades. “It’s a new cottage industry that...


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