Coming Commercial Real Estate Collaspe- NOTHING can prevent NEXT real estate crash?!?!
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Watch My LIVE Broadcasts (On-Demand): www.livestream.com Add me as a friend on Facebook! www.facebook.com Get DAILY growby10 Updates on Twitter! twitter.com Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed. Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale. Negative Fundamental Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said. That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7000-plus smaller US lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.
Image taken on 2009-05-18 15:37:24 by dno1967.
Ron Paul is the only honest person in congress.
Peter Schiff is also honest.
OK. Family meeting folks, need to cut cost, for starters bare bone essentials only, canceling all insurance policies (frauds anyway) walk away from credit cards (Fico: huge fraud), walk and bye bye underwater mortgage. Hey,.it’s just a pragmatic family business decision. Got the idea from too big to fail banks, I hear they are really good at it. Start me a family weed garden, shop local, pop me a cool one and,..Oh well Fuck it!
Illuminati=ET kin aka gods, Annunaki, Ea, dragons, angels/demons, Satan, Pepsi, naga, vampires, bluebloods, Al Gore, Windsors, Rothschilds, Rockefellars etc who rule cults like Freemasonry. Their agenda: repeatedly cull/victimize people via vaccines/other poisons, Codex Alimentarius, carbon taxes, internet 2, WW3 then stage an alien invasion to get a fascist world government/religion with us chipped. Support Dr Deagle, Stewart Swerdlow, Oracle Broadcasting, gardeners and free-energy technology!
We must remove ALL the criminals in congress NOW!!!! They do NOT represent us at all.
Paul Harvey is the only person who explained this for me…
If 14 trillion dollars vanished from the economy… the government can inject 14 trillion into the economy in the form of targeted relief … before we get inflation.
NOBODY wants us to know this… because the gangsters of business want it both ways.
they want the bailouts… if the money goes to healthcare – they grab the megaphones of Jewish media and yell INFLATION!!
fuck these politicians.
gangsters in both parties have hijacked our beautiful capitalism. FIRE THEM ALL, THESE SOCIALIST FUCKS!
my favorite stocks for 2010: canned foods, guns, and ammo.
the ultimate bartering tool in 2030: a giant costco bottle of jack daniels you bought in today’s dollars. i figure i’ve got 20 years to stack my entire attic with booze. i’ll be the richest man on my street.
WOOOOOOOOOOO im ready for another massive credit crunch and sell off, im ready to get into SDS and DOG
you are already poor, so it will not affect you much. as more people join the poverty list, it may look like you are moving up
yes, the dow will be at least 5,500 by the end of this year. maybe it can be above 10,000 too.
and when you can’t make an intelligent argument, you resort to insults? LAME.
herbs814, whatever dude. Keep watching Jim Cramer & listening to Sean Hannity. It obviously has made you more intelligent! ROFL
“someone’s gonna have to be bailed out” (4:34)
someone’s going to clamor for a bailout. someone’s going to mount a public relations campaign appealing for a bailout. but this does not mean that imprudent lenders need to have a bailout to “save” our economy, no matter what claims are made to support Keynesian “stimulus” or “multiplier” effects.
first you claim that there will be no money, then you claim that more money will be printed, completely changing your argument.
If people cannot get “their” money at the bank, then the money that remains in circulation will increase in value (people will mark down prices to reduce inventory and get more cash to meet payments).
If more money is printed (and if that money can be delivered to depositors-consumers), existing money in circulation is devalued (prices rise). Two different scenarios
No I didn’t, think about it herbs, the FDIC insures most bank patrons for upto $250K…meaning if their money is lost anything upto that amount is protected by the Gov’t, by operating in the RED means they don’t even have the money that they claim insures you! The solution: To print more money to paper over the problem, I don’t see how you believe that makes the dollar MORE valuable?!
increased government spending has never helped the economy. Even during wartime, the “multiplier” is less than 1. In peacetime, the multiplier of government spending is even lower. Government spending is always a net LOSS to society: it always takes more from social power than it returns. And Obama’s rosy assessment of the budget and stimulus assumes a magical multiplier of 1.5 — which has never occurred in the history of mankind. Government spending to revive the economy is utter foolishness.
you contradicted yourself: if there will be less money, then the money that remains will be MORE valuable, unless and until government completely demonitizes the dollar.
theserf3 – wanna know where the money went?
it went to Europe, check Max Keiser videos for more details
It’s a bit of both. The same economic imbalances that produced the credit bubble also allowed Bush to spend on military intervention. It’s called a “guns and butter” economy. Obama’s doing the same on a much bigger level because he hopes the increased Govt spending will prop up the credit markets and bubble prices as much as possible. Only difference is the consumer was propping up the bubble during Bush’s tenure.
FAUX NEWS needs to be STOPPED!!! And the financial crisis is going to cripple the U.S., most people aren’t thinking about it, but with the FDIC in the red then if there is a run on the banks..there WILL BE NO MONEY!!! It will just be gone and the paper will be worthless like Zimbobwe!
I wonder if this guy gets a bonus or something for interrupting his guests.
Obama’s welfare spending in 2010 alone is more than Bush spent on Iraq during his entire presidency (Congressional Research Service, CNSnews). The biggest spending is what Obama is doing now to intervene in the economy, not what Bush spent on military intervention.
“why is the stock market up after 5 more banks fail (92) ?
artifically low interest rates punish savings (bank deposits) and encourage borrowing (buying stocks on margin, corporations running operations or expansions on credit rather than savings).
Same reason China’s is Serf, its artifically pumped up by government bail out money, we would already be facing bank runs and massive hysteria if the gov didnt lead the people to believe that we are in wonderful fiscal shape and there is no reason to fear. Keep your eye on the REAL job loss figures, that will tell you what rail this country is REALLY on.
You can look at a few facts published by the government themselves and come to a reasonable conclusion that we as a country are in trouble. These are: GM, Bailout Money, Unemployment, and bank failures. All of that information is readily available. Well not the where the bailout money went but you get my point.
2010 more mortgages change and add that with the commercial real estate collapse. On top of everything else.
On a side note why is the stock market up after 5 more banks fail (92) ?
Come on Pug, the first rule is: trust no one! lol. Believe me, I live someplace where I can hide if I need to.