Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Markets
Warren goes to Germany
Warren Buffett is in Germany looking for large acquisitions of German companies. He's been forced to go global as his size and the US's competitive position has limited his options in the US. I caught a German-language article from Der…
UK commercial property market falling as well
The Telegraph notes today that Vulture Funds are circling the London Commercial Real Estate (CRE) market. Prices have fallen, but funds are waiting for the other shoe to drop before stepping in. I imagine this will mean credit losses for…
Tales of housing woe in the UK
The Guardian has a brilliant piece out today about how widespread the housing bubble's downdraft has become. We're not talking just the South east here but idyllic countryside villages like Ely just north of Cambridge. This should…
Subprime housing bubble timeline
Wikipedia has a great entry on the subprime housing bubble for anyone who wants a primer on the bubble and a subprime housing bubble timeline. Follow the link here. This a pretty comprehensive entry with some pretty heady stuff and a lot…
More CRE reporting
The blogger Mish is on to the Commercial Real Estate (CRE) downturn. His latest blog entry,WSJ Report: Less Shopping = Fewer Malls, shows that both the WSJ and the FT are reporting a fall in CRE prices.The Financial Times is reporting a…
TED Spread is at a 9-month low
Well, even though the data in the real economy is looking pretty bad. There is good news. The Ted Spread is at a 9-month low. That should be very supportive of capital markets over the near term."Lending confidence at banks rose to the…
UK Bubble
As you know, I am looking at the UK and Spain as the epicenter for the next leg down in the housing bubble. Spain suffered massive overbuilding while the UK had a huge run-up in prices.The Blogger at UK Bubble is on to something in her…
Another CRE debacle
The Commercial Real Estate (CRE) bust is coming to an office building near you. The latest story? The GM building in NY was flogged off with some other properties at the peak of the bubble for a cool $3.6 to $3.9 billion. Now, the…
Spanish furniture sales down on housing bust
Update: A more thorough analysis of the Spanish economy is at my post Outlook for Spain: Recession.The leading Spanish Newspaper ABC is reporting that furniture sales are down 20% nationally for the first three months of 2008 due to the…
Spanish property market implosion
The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water."In the clearest sign yet that the boom is over, the developers said the combined…