Ben lies: we're sheep; No more; and by being sheep we suffer the heart-ache and the thousand pricing shocks unmeasured by the CPI, 'tis a consumer tax, despite what you had wish'd. Ben lies; we're sheep: living a dying dream: Aye, there's the rub; when fleecing sheep what jobs may come when we have scuttled all their buying power?
There are many ways this can end badly and only a few it can end well.
The CMBS market gives us an inside look at the credit quality of many CRE loans which are the key to recovery. This article tells you why it's important.
For Those Who Failed To Heed My Warnings On Portugal, Visualize The Contagion That Causes European Bank Failure!!!Submitted by Reggie Middleton on 04/06/2011 09:56 -0500
If you really don't think a Pan-European bank collapse may be in the cards, you really haven't been paying attention. Things are coming to a had much more quickly than even I anticipated, and you know I'm far from optimistic in this regard.
Inflation Is When The Price of The Most Valuable Things (Such As Your House or Small Business) Drop Precipitously During High Unemployment, Right? Reggie Middleton on Stagflation, Pt 2Submitted by Reggie Middleton on 04/04/2011 09:58 -0500
The continuation of my rant on stagflation, and why it is mistakenly being called inflation in the media and how all of it is being denied by US.gov.
As I warned last year, Portugal is on the verge of getting bailed out. Just like its already bailed cousins in insolvency, Greece and Ireland, Portugal declared to the very last minute that they didn't need, and would not ask for a bailout. Credibility is the key!!! What many may be missing is that the cause of all of this mess is the overleveraging of banks into over valued real estate. The default or restructuring of debt in Portugal, Greece or Ireland (or realistically a combination that may include larger countries) will spike rates that will make the 2008 real estate crash look like a bull rally. Here's the lay of the land...
A systematic plan to create the illusion of stability and provide no-risk profits to the mega-Wall Street banks was implemented in early 2009 and continues today. The plan was developed by Ben Bernanke, Hank Paulson, Tim Geithner and the CEOs of the criminal Wall Street banking syndicate. The plan has been enabled by the FASB, SEC, IRS, FDIC and corrupt politicians in Washington D.C. This master plan has funneled hundreds of billions from taxpayers to the banks that created the greatest financial collapse in world history. The authorities had a choice. This country has bankruptcy laws. The criminally negligent Wall Street banks could have been liquidated in an orderly bankruptcy. Their good assets could have been sold off to banks that did not take their extreme greed based risks. Bond holders and stockholders would have been wiped out. Today, we would have a balanced banking system, with no Too Big To Fail institutions. Instead, the years of placing their cronies within governmental agencies and buying off politicians paid big dividends for Wall Street. Their return on investment has been fantastic.
The True Cause Of The 2008 Market Crash Looks Like Its About To Rear Its Ugly Head Again, With A VengeanceSubmitted by Reggie Middleton on 03/11/2011 13:16 -0500
I said it! Bill Gross said it (and put his money where his mouth was by selling off all US treasuries)! Common sense says it... Central Bank manipulated interest rates are too low. They will rise. What happens when they rise during a supply glut of real estate, foreclosure issues and a slow economy??? Put it this way... What made the markets crash in 2008: unemployment, slow economy, snow... Or real estate prices getting in touch with reality?
Until the mass of overbuilt homes and commercial properties are liquidated, credit will remain tight and unemployment will remain high. What you thought you knew about the credit situation is wrong.
JP Morgan Purposely Downplayed Litigation Risk That Spiked 5,000% Last Year & Is Still Severely Under Reserved By Over $4 Billion!!! Shareholder Lawyers Should Be Scrambling NowSubmitted by Reggie Middleton on 03/02/2011 08:36 -0500
This has to be one of the biggest "I Told Ya So's" of the year! JP Morgan is forced to come clean on the legal liabilities that I have been pounding the table about for two years as Wall Streets sell side coterie and JPM management have managed to underplay for about as long. Now, it looks as if the chickens are coming home to roost...
The Truth! The Truth! YOU CAN'T HANDLE THE TRUTH!!!
Oh, I just love that scene. Doesn't Jack Nicholson deliver?
A significant extension to my 3 minute Q&A on CNBC's Fast Money show yesterday that, in my opinion, provides irrefutable evidence that commercial real estate is about to enter a cyclical bear market. Then again, what do I know...
In Case You Didn’t Get The Memo, The US Is In a Real Estate Depression That Is About To Get Much WorseSubmitted by Reggie Middleton on 02/24/2011 11:42 -0500
What!!!???? You didn't get the memo?
Today's Headlines Show Interest Rate Volatility, Sovereign Contagion, Geo-political Unrest & Double-Dip Recessions Coming: What's The Answer To Valuing Global Real Estate Through This Mess?Submitted by Reggie Middleton on 02/15/2011 12:36 -0500
I'm putting together what I see as solutions for the many pricing and valuation problems that I see coming down the pike. If you think real asset markets are a little soft now, wait until rates are controlled more by market forces than by concerted central planning cartels.