Monthly Archives: April 2009
Unemployment is still high
It’s still high. Businessweek and Larry Kudlow said everything is hunky dory: The total number of Americans receiving benefits set a record for the 13th straight week. These claims, known as “continuing” jobless claims, came in at 6.27 million for … Continue reading
Filed under Unemployment
Unemployment is still high
It’s still high. Businessweek and Larry Kudlow said everything is hunky dory: The total number of Americans receiving benefits set a record for the 13th straight week. These claims, known as “continuing” jobless claims, came in at 6.27 million for … Continue reading
Filed under Unemployment
High noon for commercial real estate
It looks like it’s reckonin’ time for CRE: It’s going to be bad: Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. By some estimates, two out of every three will no longer meet the … Continue reading
Filed under Commercial real estate
High noon for commercial real estate
It looks like it’s reckonin’ time for CRE: It’s going to be bad: Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. By some estimates, two out of every three will no longer meet the … Continue reading
Filed under Commercial real estate
Where was Bernie Madoff
NYT: A technician reported last week that someone had tampered with a private helicopter of Anil Ambani, one of India’s wealthiest industrialists, while it was parked at a Mumbai airport. Then, on Tuesday, the technician, Bharat Borge, was found dead … Continue reading
Filed under Yikes
Where was Bernie Madoff
NYT: A technician reported last week that someone had tampered with a private helicopter of Anil Ambani, one of India’s wealthiest industrialists, while it was parked at a Mumbai airport. Then, on Tuesday, the technician, Bharat Borge, was found dead … Continue reading
Filed under Yikes
People don’t have lots of money to spend on crap
Shocking: With incomes falling, Americans are spending less and saving more. The Commerce Department says consumer spending dropped 0.2 percent in March, following an increase of 0.1 percent in February. Incomes were down 0.3 percent last month, the fifth drop in six … Continue reading
Filed under Consumer debt, Consumer spending, Wealth divide
People don’t have lots of money to spend on crap
Shocking: With incomes falling, Americans are spending less and saving more. The Commerce Department says consumer spending dropped 0.2 percent in March, following an increase of 0.1 percent in February. Incomes were down 0.3 percent last month, the fifth drop in six … Continue reading
Filed under Consumer debt, Consumer spending, Wealth divide
Ratings agencies need rating agencies
Because they pretty much suck: Investors, traders and regulators have been questioning whether credit rating companies serve a good purpose ever since Enron Corp. imploded in 2001. Until four days before the Houston-based energy company filed for what was then … Continue reading
Filed under Corruption, Market
Ratings agencies need rating agencies
Because they pretty much suck: Investors, traders and regulators have been questioning whether credit rating companies serve a good purpose ever since Enron Corp. imploded in 2001. Until four days before the Houston-based energy company filed for what was then … Continue reading
Filed under Corruption, Market
