by John Galt September 2, 2009 This story from Reuters this morning is so key to the problem and tells the tale: US commercial property boom decades away – report If anyone in their right mind thinks it is getting better, read this quote from the story: U.S. commercial real estate sales in the first half of 2009 totaled $16 billion, down 80 percent from the same period a year earlier and off 93 percent from the market peak of $231.4 billion in the first…
Daily Archives: 02/09/2009
Your "MUST" read of the evening
by John Galt September 1, 2009 Q2 2009 Bank Stress Test Results: The Zombie Dance Party Rocks On Folks, the group at Institutional Risk Analysis are so far ahead of the curve, I can only URGE everyone to read this story and notice the grades. I pretty much put everything with a ‘C’ grade or lower as toast in this current environment so get ready for a year ending in tumult.
Obamarket Update for September 1, 2009: Happy Ramadamnadingdong
By John Galt September 1, 2009 Tonight our beloved leader, this guy: Is taking the time to meet and celebrate Ramadan with Islamic-Americans at a private dinner. Good for him. That 0.6% of the population (per the Pew Research Center Report “Muslim Americans” from May of 2007) is one of the key reasons he was elected Il Duce of our Republic and a contributing factor to keeping oil prices low and stupid camel jockeys in the House of Saud buying our toilet paper humorously labeled…
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