• Europe's Commercial Real Estate Timebomb?
    Leo Kolivakis
    03/19/2010 - 17:00
    Europe faces a commercial property debt timebomb with almost €1 trillion (£896bn) outstanding from the sector and a quarter of that potentially distressed. The UK accounts for 34% of the €970bn total, with Germany second with 24%. Not to worry, global pension funds are busy snapping up properties but do they really know how long it will be before this crisis blows over? And what if it gets a lot worse before it gets better? Are pensions prepared to deal with those losses?
  • Amid a Depression and Linked Heavily into Western Europe, Latvia's Government Collapses!
    Reggie Middleton
    03/19/2010 - 10:03
    As I warned in my Pan-European Sovereign Debt Crisis series and amid a depression, this Eastern European government has collapsed. Western European countries (and their banks) have material claims within this country, and when combined with pressure from the PIIGS, may be the ones that set off the financial/economic contagion daisy chain. It is difficult to determine who sets it off, which is why it is best to attempt to determine the path of the contagion instead...

Frontrunning: October 1

Tyler Durden's picture
Submitted by Tyler Durden on 10/01/2009 07:54 -0500



  • Shocker: Euro falls after Trichet says "sharp currency moves have an adverse effect" - Bernanke seen buying a carton of Midol Lights (Bloomberg)
  • Jobless claims rise more than expected (Bloomberg) as Americans spend more of their soon to run out unemplopyment checks (Bloomberg)
  • Weil: Banks have us flying blind on depth of losses (Bloomberg)
  • CIT may pit bondholders against each other with debt swap offer (Bloomberg)
  • BAE Systems faces corruption charges over weapon sales to Africa and Eastern Europe (NYT)
  • IMF just can't hide its optimism (Bloomberg)
  • Third quarter was a bed of roses on Wall Street, but thorns lurk (LA Times)
  • Naftogaz Ukraine cut to "restricted default" after missed Eurobon payment (Bloomberg)
  • RBS, Lloyds send "shocking" $4.4 billion to Irish units (Bloomberg)
  • Wall Street needs more sking in the game (WSJ)
  • Last week's G-20: does it matter? (Cumberland Advisors)

 

0
Your rating: None

»


by AN0NYM0US
on Thu, 10/01/2009 - 07:57
#85033

How a bearish economist (Rosenberg) met his real black swan

 

by Cognitive Dissonance
on Thu, 10/01/2009 - 09:12
#85114

How startling that must have been for Rosenberg to see two black swans after warning everyone of a potential black swan event around the corner.

 

by Art Vandelay
on Thu, 10/01/2009 - 10:14
#85186

If this doesn't cause Rosie to dig in his heels even more, I don't know what will.  Only an apparition of BB's face in a burning bush could be more telling.

by LoneStarHog
on Thu, 10/01/2009 - 08:00
#85037

Trichet!  One should always have a good French whore.

by Anonymous
on Thu, 10/01/2009 - 08:15
#85047

Even better: Strauss-Kahn (IMF), Pascal Lamy (WTO) are both French too.

by Cheeky Bastard
on Thu, 10/01/2009 - 08:39
#85076

Wall Street needs more sking in the game

WRANG !!!!! what WS need is less pompous assholes and failed-in-everything-else-except-legalized-theft-of-other-people-money personas ( and i don't want to hear a peep how WS bankers make world go round; they dont, people MAKING AND PRODUCING STUFF do that ). Damn, i hate WS ...

by Anonymous
on Thu, 10/01/2009 - 08:44
#85079

How true CB but TPTB have done a very good job convincing us that as long as the parasite is healthy the host will recover.

by monkeyshine
on Thu, 10/01/2009 - 11:28
#85308

Well put.

by monkeyshine
on Thu, 10/01/2009 - 11:27
#85302

Re: IMF

Agency that deals with governments optimistic about government spending shock!

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.