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Archive for April, 2009

Stock Market Circuit Breakers: When things unravel

By: Myles, April 21st, 2009

Yesterday was a tough day in the market (a 290 point dive). Some say there is more to come. To cool down trading, and the potential of unraveling the markets and creating a crash, circuit breaker protocols were instituted to safeguard the system.
Hopefully these measures will not be needed in the days to come …. But […]

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Not really so funny ….

By: Myles, April 20th, 2009


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Breaking News: Largest RE Bankruptcy Filing in History

By: Myles, April 16th, 2009

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General Growth Properties, Inc. (GGP) has filed for Chapter 11 federal bankruptcy protection to reorganize, making it the largest real estate bankruptcy in U.S. history.
One April 6, 2009 (just 10 days ago), we highlighted the fate of GGP. We posed the question: How close does, […]

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2009 Federal Budget in Pictures

By: Myles, April 16th, 2009

It is so true. A picture is worth a thousand words. Here is a pictorial review of the 2009 U.S. Budget. Ponder this over lunch. It is woth a peek.

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$315 Trillion in Debt … Is that possible??

By: Myles, April 13th, 2009

I have always been intrigued by numbers and facts. Every heard this one: liars figure, but figures do not lie. So lets look at the numbers, objectively.

My question  is how has the recent spending spree by government, intended to get us out of the recession – via the proactive efforts of the President, Treasury, Federal Reserve and Congress, etc.– add up?

And […]

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Math theory exposes the fallacy of the PPIP Toxic Mortgage Fix

By: Myles, April 10th, 2009

Real Clear Markets just published an unbelievably fascinating piece by James Keller, entitled Game Theory Exposes Public-Private Investment Program As Fraudulent.
I know what you are thinking: GAME THEORY? Whether you hate math or theoretical analysis or think this is either above your pay grade or just not relevant to your life, I promise you — […]

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Government Stimulus: A pictures worth a thousand words

By: Myles, April 9th, 2009

We all learn and process information differently. Some have found it difficult to understand the current financial crisis and what the government is doing to stimulate the economy.
So here is another way to visualize the capital allocated from/to financial companies during the current financial crisis.
Interestingly, the chart created by Keefe, Bruyette & Woods concludes that […]

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Will TALF Save Commercial Real Estate …

By: Myles, April 8th, 2009

In todays WSJ there is a rather telling article entiled, Real-Estate Industry Pushes Fed to Lengthen TALF Terms, which may be of interest to our readers.

Acording to the piece, the real-estate industry is lobbying the Federal Reserve to modify a bailout program that many believe may avert a wave of commercial-property defaults.
Real-estate owners and investors […]

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Commercial RE: Times they are a chang’in … and fast!

By: Myles, April 8th, 2009

As published in Zero Hedge, where their tag line signals the sentiment ……  “on a long enough timeline, the survival rate for everyone drops to zero,” it is reported that the result of the stress test in the just published S&P “Scenario Analysis: Standard & Poor’s Expects the Downgrade Risk To Be High For Recent-Vintage U.SCMBS […]

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GGP, too big to fail?: Tea Leaves for Commercial Real Estate’s Future

By: Myles, April 6th, 2009

How close does, or will, commercial real estate mirror the banking and financial industry?
More specifically, we — meaning they, the powers that be within the Federal Government – saved Citi and AIG because they were purportedly too big to fail. So what do we do with commercial real estate firms like General Growth Properties (GGP’s).
Rarely a day goes by […]

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