Posted in December 17th, 2008
Yves Smith, a very bright member ( and probably the anchor) of the Naked Capitalism team has authored a very nice and well referenced / linked piece today titled Trepidation About Quantitative Easing, Version 2.0.
Such was prompted by what many view as a sign of utter desperation in the Fed’s rate cut yesterday; there has […]
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Posted in December 16th, 2008
From the Fed 25 minutes ago….
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.
Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite […]
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Posted in December 16th, 2008
This week before the holiday is jam packed with important data and policy releases; somewhat fitting in that this week is the last full business week of the year. Here’s a round up of some of the more interesting news from the morning…
Eyes and ears from around the world are looking to the Fed today, […]
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Posted in December 13th, 2008
The auto bailout debate has been commandeering headlines for much of the week; we’ve opined on the matter in several posts thus far. We’ve even offered a fair reason that real estate investors should have an interest in the outcome – a restructured and revitalized American auto industry based in the upper Midwest could stimulate […]
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Posted in December 7th, 2008
Here are three pieces that shouldn’t be missed this weekend.
In the weekend edition of the WSJ, Steve Hanke and Stephen Walters offer “A Property Tax Cut Could Help Save Buffalo”. A cutting look at several New York state communities with some of the highest property tax rates in the nation, and a look back at […]
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Posted in December 3rd, 2008
A couple of non-real estate points of interest related to the economy today.
Two months ago we were dumb-founded at some of the magical thinking going on in Washington with regard to the bailout. More lately we’ve come to expect pronouncements of idiocy on almost a daily basis, and Washington rarely disappoints. For example – recent […]
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Posted in December 2nd, 2008
Yawn. Part of the sobering news package yesterday was the “official” declaration by the National Bureau of Economic Research that the current recession started last December (2007).
Here’s a link to their official pronouncement, and the opening paragraphs of their press release…
The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference […]
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Posted in December 1st, 2008
Jake over at EconompicData posted a couple of enlightening graphs week comparing big ticket historical spending items with pledges made this year by the Feds. Mind boggling.
Technorati Tags: bailout pledges
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Posted in December 1st, 2008
Why in the world would you as a real estate investor have any interest at in the status of Black Friday retail sales?
Fair question and some of you probably don’t have any interest. (This will be our only comment on the issue.)
On the other hand, with so much attention being paid to the sentiment of […]
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Posted in November 24th, 2008
Here are three Monday must reads covering a wide range of topics.
First, take a look at Chris Whalen’s “What Barack Obama Needs to Know About Tim Geithner, the AIG Fiasco, and Citigroup”. This insightful piece is up over on Barry Ritholtz’s blog, and here’s a quick look at Whalen’s bio for those that don’t know […]
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Posted in November 24th, 2008
Three more banks were closed by the FDIC last Friday; there’s lot of news competing for your (and the media’s / pundits’) attention these days – seems like the bank closures Friday drew much less attention than before.
The good folks at CalculatedRisk offered two graphs detailing important points of historical perspective to consider when looking […]
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Posted in November 20th, 2008
Feel like the economic news has been more like an economic tornado this week?
Here’s at least in part why – Barry Ritholtz has summarized a partial list of some of the record breaking data that has erupted lately – here’s a link to his post today.
We don’t share this with the intent of spreading doom […]
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Posted in November 19th, 2008
Most of our team was tied up yesterday for the bulk of the work day with an urgent project that dropped into our lap, and we didn’t get a chance to comment on a very thought provoking story that ran yesterday in the New York Times.
Andrew Ross Sorkin wrote “A Bridge Loan? US Should Guide […]
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Posted in November 17th, 2008
To be perfectly honest we haven’t wanted to get involved in the row over the potential rescue of the Big Three auto manufacturers in MI. We’ve had and have a bucketful of other more important projects and issues to deal with, and simply haven’t devoted the time and staff effort required to really dig into […]
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Posted in November 17th, 2008
Here’s a quick reminder that the team over at CalculatedRisk is tracking more or less every day during the work week a summary of credit crisis indicators or markers. Here’s a link to their post from today.
We agree that tracking key indicators for credit issues makes sense, and while CR’s list is not exhaustive, the data […]
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