Bailout and Financial Crisis News

Jim Rogers calmly states that the Euro will not exist in 20 years: CNBC: The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world’s two current bubbles, legendary investor Jim Rogers [...]

Jonathan Keats — a San Francisco-based experimental philosopher who has, over the years, sold real estate in the extra dimensions of space-time proposed by string theory (he sold a hundred and seventy-two extra-dimensional lots in the Bay Area in a single day) made an attempt to genetically engineer God. That's from the March 15 New Yorker, [...]

In recent weeks, policy makers from President Barack Obama to Federal Reserve Chairman Ben Bernanke have been taking extraordinary measures to remove what they see as a serious impediment to the recovery: A dearth of credit for the small businesses that many economists say must play a leading role in creating new jobs. David Altig, head [...]

(This post appeared at Infectious Greed.) From Michael Cembalest at JPMorgan, the case for commercial real estate:  THE STOCK ARGUMENT FOR COMMERCIAL REAL ESTATE One CEO panelist whose company runs 20 mm sq ft of retail also owns 30 mm sq ft of office space.  He’s optimistic: he notes the smaller oversupply problem compared [...]

Wall Street Investment Bankers Inc. — a self-professed real estate investment business that promises between $20,000 and $200,000 a month with “no upfront or investment cost” — isn’t licensed to do much of anything resembling banking or real estate in Florida, where it’s based. The company’s ad, seen running in the New York metropolitan market on [...]

(This post comes courtesy of the Mad Hedge Fund Trader) Something Amazing is Happening With the Payroll Figures. The February non-farm payroll showed a further loss of 36,000 jobs, versus an expected loss of 75,000, and the unemployment rate remained unchanged at 9.7%. December was revised up by 41,000 and January was revised down by 6,000, [...]

(This post comes courtesy of the Mad Hedge Fund Trader) Something Amazing is Happening With the Payroll Figures. The February non-farm payroll showed a further loss of 36,000 jobs, versus an expected loss of 75,000, and the unemployment rate remained unchanged at 9.7%. December was revised up by 41,000 and January was revised down by 6,000, [...]

(This guest post comes courtesy of Waverly Advisors) In today's address to the People's National Congress Prime Minister Wen Jiabao outlined an ambitious agenda for the year with the official growth target unchanged from last year at 8%.  In his address Wen 's rhetoric concerning cracking down on speculation, risky lending practices and    excessive investment were [...]

We just realized that with all the talk about Greece, the PIIGS, China, and the national debt, nobody is talking about commercial real estate anymore. So, we wanna know, do you still care? Online Surveys & Market Research Join the conversation about this story » See Also: Fed: Commercial Real Estate Deteriorating Further, NYC Remains A Dog Commercial Real Estate Default Rate Doubles [...]

David Wessel writes: Understanding what caused the recent financial crisis is essential to successfully refining the practice of finance to reduce the odds of repeating it. So the Financial Crisis Inquiry Commission on Friday and Saturday heard several academic economists’ take on what led to a near meltdown of the global economy. “We are now very slowly [...]

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