Archive - Jun 22, 2010 - Blog entry

As the truth unfolds concerning the financial condition of the UK, those states in the Mediterranean south don't seem so bad now, do they???

Politicians at the G20 be warned: hell hath no fury like a pensioner scorned.

The ink of the ruling against the offshore drilling moratorium is not even dry yet, the media is already jumping all over that Judge Martin Feldman is "greased with oil investments", says Mr. Christopher Helman, an Associate Editor of Forbes.

Where are we in the weak Euro-strong Dollar cycle?

Regions Bank looks fairly weak with a negative Net Operating Income figure in 5 of the last 6 quarters. That said, they do have some good things going for them.

So early in the morning, Bloomberg runs a story, "Sales of Existing Homes in U.S. Probably Climbed on Tax Credit". A few hours later, the housing report comes out and Bloomberg then runs "Existing Home Sales in U.S. Unexpectedly Fell to 5.66 Million Rate in May". Hmmm! BoomBustBlog readers saw this coming way back in March with "It’s Official: The US Housing Downturn Has Resumed in Earnest". Thus far, we've been right on the money. Hey Bloomberg editors, I'm available if you need me...

A visit to the worst commercial real estate disaster in human history. Why it is cheaper to spend a weekend in Sin City than it is to stay home.
An 80% occupancy rate, only because 20% of those rooms have been mothballed and taken off the market. Thanks for the great weekend, Kirk!