Thursday, October 8, 2009

Commercial Real Estate May Be Next Victim of Recession

data suggests that the $3.5 trillion in outstanding commercial real estate debt could be what some fear: the other shoe about to drop . . . There have been estimates of $800 billion to $1 trillion of commercial mortgage defaults over the next several years, if we don't find a solution to our current troubles.

Transcript: http://www.pbs.org/newshour/bb/business/july-dec09/realestate_10-06.html

FHA may need a $54 billion bailout

voltron says: too bad there is no way to short this (it's a government agency)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOmu318hOZr4

Union Bank of Switzerland says sell Wells Fargo

http://www.dividend.com/blog/?p=14677

Wednesday, October 7, 2009

Monday, October 5, 2009

When Banks Start Lending... Watch Out!

http://www.businessinsider.com/chart-of-the-day-us-monetary-base-2009-10

Report on Bailouts Says Treasury Misled Public


End of the "petro-dollar"

Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

Military home buyers find VA loans a roadblock

Voltron says: VA loans are sometimes not accepted because the home does not meet VA loan requirements (especially in the case of a trashed foreclosure), they take longer to close and can involve extra costs to the seller.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/10/05/MN0D19UPNL.DTL

Sunday, October 4, 2009

Search working again

Voltron says: There is now a search box at the bottom on the blog.