Archive - Apr 26, 2009
Weekend Reading
Submitted by Tyler Durden on 04/26/2009 22:00 -0500A glimmer of hope? (The Economist)
Time for one of these in the U.S.? (Guardian)
Weekend Reading
Submitted by Tyler Durden on 04/26/2009 22:00 -0500A glimmer of hope? (The Economist)
Time for one of these in the U.S.? (Guardian)
The ECB continues to mismanage the crisis and underestimate CEE
Submitted by Tyler Durden on 04/26/2009 17:24 -0500We've never been huge fans of Euro central bank policy and the recent news coming out is not doing much to change that view. The Europeans have consistently been the slowest in slashing rates and even now, are sitting at 1.25% in the face of further precipitious falls across demand, supply, exports, etc.
The ECB continues to mismanage the crisis and underestimate CEE
Submitted by Tyler Durden on 04/26/2009 17:24 -0500We've never been huge fans of Euro central bank policy and the recent news coming out is not doing much to change that view. The Europeans have consistently been the slowest in slashing rates and even now, are sitting at 1.25% in the face of further precipitious falls across demand, supply, exports, etc.
Is There A REIT Reverse Inquiry Conspiracy?
Submitted by Tyler Durden on 04/26/2009 17:14 -0500As documented previously on Zero Hedge, concern #1 by a large margin for the administration is the issue of commercial real estate, and more specifically the disconnect between price discovery of CRE securities (especially in equities) and their deteriorating cash flow fundamentals.
Is There A REIT Reverse Inquiry Conspiracy?
Submitted by Tyler Durden on 04/26/2009 17:14 -0500As documented previously on Zero Hedge, concern #1 by a large margin for the administration is the issue of commercial real estate, and more specifically the disconnect between price discovery of CRE securities (especially in equities) and their deteriorating cash flow fundamentals.
Lecture By Eric Rosenfeld Of LTCM
Submitted by Tyler Durden on 04/26/2009 13:20 -0500A great way to spend an hour and a half and understand just how black swans can annihilate seemingly riskless portfolios, especially those with a preponderance of Ph.D.'s as portfolio managers who claim to understand "risk". If nothing else fast forward to the 1 hour mark to listen to Eric's discussion of endogenous risk and LTCM's trading of liquidity in a crisis, and how it can all go horribly wrong when you have too many people on the same side of the trade.
The One Trillion Commercial Real Estate Time Bomb
Submitted by Tyler Durden on 04/26/2009 01:48 -0500Imminently, Zero Hedge will present some of its recently percolating theories about some oddly convenient coincidences we have witnessed in the commercial real estate market. However, for now I focus on some additional facts about why the unprecedented economic deterioration and the resulting epic drop in commercial real estate values could result in over $1 trillion in upcoming headaches for financial institutions, investors and the administration.
The One Trillion Commercial Real Estate Time Bomb
Submitted by Tyler Durden on 04/26/2009 01:48 -0500Imminently, Zero Hedge will present some of its recently percolating theories about some oddly convenient coincidences we have witnessed in the commercial real estate market. However, for now I focus on some additional facts about why the unprecedented economic deterioration and the resulting epic drop in commercial real estate values could result in over $1 trillion in upcoming headaches for financial institutions, investors and the administration.




