Bruce Krasting's blog
Cocktails and RE in Greenwich
Submitted by Bruce Krasting on 12/12/2009 10:35 -0500Some real estate insight at one of America's nicest addresses. Some other thoughts as well.
Greece, China, USA and the Euro - All Connected?
Submitted by Bruce Krasting on 12/10/2009 16:02 -0500Some thoughts on where the Greece story may go. Two possible outcomes. They both have significant impacts.
Bernanke: "Long Live the Carry Trade!"
Submitted by Bruce Krasting on 12/05/2009 16:25 -0500The carry trade is not dead. Only wounded. The prognosis is for a complete recovery thanks to that lifesaver, Ben B.
Jobs - A Solution at Hand?
Submitted by Bruce Krasting on 12/03/2009 07:20 -0500Here is a proposal that WOULD create jobs and stimulate the economy. It is very big and therefore would be effective. It would also be revenue neutral, something that no other plan can claim. What do you think?
Threshold of Pain
Submitted by Bruce Krasting on 12/01/2009 11:20 -0500How low does the dollar have to go before Ben reacts? Does Ben B have a threshold for pain? I think he does and it is closer than you might think.
Best Buy, Krugman and the Carry Trade
Submitted by Bruce Krasting on 11/29/2009 22:35 -0500What could possibly connect Best Buy, Paul Krugman and the carry trade? The answer is is that everything is connected.
Counter Trade Dubai
Submitted by Bruce Krasting on 11/27/2009 10:48 -0500Is Dubai a head fake? I think so. The main event is still in full swing.
Micro and Macro Economics – “It Stinks”
Submitted by Bruce Krasting on 11/26/2009 21:08 -0500Macro conditions are driving micro economics. An example.
Turkey Factor
Submitted by Bruce Krasting on 11/25/2009 17:47 -0500While we are eating the rest of the world goes on. "They" are going to be talking about us.
Bernanke Vs. Gold - Getting Hostile
Submitted by Bruce Krasting on 11/23/2009 17:31 -0500Gold is up big on the suggestion that POMO may be extended, "just a little". A market slap in the face to Ben and QE. Does he get it? Nah!
FDIC on REO Sales: Keep'em in the Dark!
Submitted by Bruce Krasting on 11/22/2009 10:31 -0500The FDIC sold 187 homes in Georgia recently. This was a public auction, but the results will not be released. The FDIC has put a lid on that information. Why?
Oct. SSTF Report - We Are Now Living Off Of The Interest
Submitted by Bruce Krasting on 11/18/2009 09:02 -0500October was another loser for the SSTF. We have crossed another critical milestone on the Fund's performance. This problem is at hand, not 20 years into the future. Will it have a market impact at some point? It is only a question of when, not if.
FHA To Congress: No Sub Prime for Us, We Just Make Bad Loans
Submitted by Bruce Krasting on 11/13/2009 12:29 -0500HUD's Shaun Donovan delivered a report to Congress. Some of the information provided does not jive with the default performance of some Ginnie Mae portfolios. A representative portfolio from 2008 is suffering defaults of 27%. Exactly the same as the sub prime loans.
No bailout for FHA? Don't count on it.
FDIC Decision Due Out Soon
Submitted by Bruce Krasting on 11/12/2009 08:38 -0500The FDIC will announce today its final plans on how to bridge a $45 billion shortfall in its accounts. Our pals, the bankers, have submitted letters on this matter to the FDIC. Some make interesting reading. Guess what? They all want to get paid for bailing out the FDIC. They will get paid and this will be all off balance sheet. Presto, the problem no longer exists.
