Sunday, October 11, 2009
Friday, October 9, 2009
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
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
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOmu318hOZr4
Wednesday, October 7, 2009
The Dollar Collapse Is A Huge Part Of This Rally
Tuesday, October 6, 2009
On the Edge with . . . Janet Tavakoli (video)
“meltdown risk today is greater than in 2007″
Monday, October 5, 2009
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.
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
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/10/05/MN0D19UPNL.DTL
Sunday, October 4, 2009
Saturday, October 3, 2009
Friday, October 2, 2009
Unemployment rate officially 9.8% (really 17%)
Voltron says: Over a quarter of a million jobs were lost last month.
If you include people forced to work part time and "discouraged
workers" who have been unemployed so long that they no longer get
counted, one million jobs were lost and the true unemployment rate is
17%.
If you include people forced to work part time and "discouraged
workers" who have been unemployed so long that they no longer get
counted, one million jobs were lost and the true unemployment rate is
17%.
http://finance.yahoo.com/news/US-jobless-rate-reaches-98-apf-93159528.html?x=0&.v=13
Thursday, October 1, 2009
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