Bangalore Emerging as Most Preferred Real Estate Destination

Bangalore has emerged as a clear preference for sectors like office and retail, while coming a close third in the residential and hospitality according to Cushman & Wakefield, a retail estate research firm. In its report Cushman & Wakefield GRI India Real Estate Investment report 2009: ‘Survival to Revival - Indian realty sector on the path to recovery,’ the firm said that Bangalore is expected to see the highest demand for office space in the period 2009 - 2013 with approximately 34 million sq.ft. [more...]

Date: 2009-09-29 05:08:23

Blog posts (159) | Videos (149)
 

FDIC Seeks Prepayment from Banks – Analyst Blog

In order to replenish the declining fund of the Federal Deposit Insurance Corporation (FDIC) that insures regular deposit accounts when banks fail, the agency may ask U.S. banks to prepay fees for three years. Under the plan, banks would have to prepay their insurance premiums of $12 billion a year for 2010-2012, for a total of about $36 billion. The fees could, however, vary somewhat according to growth in total insured deposits. The FDIC board will discuss the issue today at its public meeting. [more...]

Date: 2009-09-29 14:11:26

A Bias to Buy the Dollar

Well… Russia has thrown a cat amongst the pigeons this morning with a rate CUT… Let me tell you why this is a big deal… Well, everyone is thinking that the go-go countries of Norway, Australia, and Brazil will probably begin their rate hike cycles this year… While the US drags its feet and wallows in the zero rate mud… The thinking was that the rate differentials to the dollar would begin to widen, causing even more pain for the dollar. [more...]

Date: 2009-09-29 16:12:57

A Bias to Buy the Dollar

Well… Russia has thrown a cat amongst the pigeons this morning with a rate CUT… Let me tell you why this is a big deal… Well, everyone is thinking that the go-go countries of Norway, Australia, and Brazil will probably begin their rate hike cycles this year… While the US drags its feet and wallows in the zero rate mud… The thinking was that the rate differentials to the dollar would begin to widen, causing even more pain for the dollar. [more...]

Date: 2009-09-29 22:32:30

Is this what we call change?

USA Today reports that many states despite shortfalls in revenues due to the recession and decreased property taxes are still spending like it was 1999: Last week, President-elect Barack Obama promised “immediate relief” to “help struggling ... money to go around.  While inflation is currently not a concern, it will be as American debt [more...]

Date: 2009-01-15 13:57:32

Approved

Congress OKs release of final $350B of bailout- AP “Congress laid the foundation for President-elect Barack Obama’s economic recovery plan on ... for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping ... but balance sheet solvent if it holds illiquid assets, particularly against short term debt. [more...]

Date: 2009-01-16 00:29:11

Bond Recovery in Bankruptcies Likely to Be Far Lower Than in Past Downturns

Junk bond yields were recently as high as 20% (they've improved a bit recently). Some commentators considered the record spreads to be overdone ... , but I have commented from time to time that there was good reason for distressed debt to be a lot ... on company operations and force a debt restructuring/renegotiation when serious trouble first develops [more...]

Date: 2009-01-13 03:11:00

Gov. Rendell urges Milk Marketing Board to help dairy producers

HARRISBURG, Pa. — With Pennsylvania’s milk producers facing prices that are 40 percent lower than a year ago, Gov. Edward G. Rendell has written to the state’s Milk Marketing Board asking for their recommendations on how to help dairy farmers survive the unprecedented financial hardships. Bearing the brunt “Pennsylvania’s dairy farmers are bearing the brunt of historically low milk prices, coupled with historically high production costs,” said Governor Rendell. [more...]

Date: 2009-09-28 21:33:52

ScamBuste 286

NOTIFICATION OF PAYMENT VIA ATM CARD This is to officially inform you that we have verified your contract/inheritance file presently on my desk, and I found out that you have not fulfilling the obligations giving to you in respect to your contract payment. Secondly, you are hereby advised to stop dealing with some non-officials in the bank as this is an illegal act and will have to stop if you so wish to receive your payment immediately. [more...]

Date: 2009-09-29 08:54:51

Moolanomy’s Past Articles By The Number

My family is going on a vacation for a few days.  We’re going as far south as Virginia Beach on this trip and I look forward to see the Chesapeake ... When I Went to College 7 Steps Debt Reduction Illustrated 7 Ways To Get A College Degree For Less 10 “Preparing For Baby” Tips For the Frugal-Minded 10 Baby Steps to Financial Recovery 10 Ideas To [more...]

Date: 2008-07-03 12:00:05

Making ENDS meet

I remember one of my chats with my rheumatologist when he was scolding me of my absence for a check up ... , I just remembered that if you need a very reliable Debt Collection agent you might want to consider American Profit ... our finances neatly. Right now I am glad to say that I don’t have to worry about Debt and making [more...]

Date: 2009-01-15 01:04:51

Can we pay for all these hamburgers?

Our position isn’t as dire as other nations might be. This was a helpful article: So what’s the moral of the story? ... , getting our debt burdens down will hinge on Obama’s and Congress’s willingness to confront the looming ... The Obama administration should not focus on debt reduction now, which could actually undermine [more...]

Date: 2009-01-15 21:10:54

Economic Activity Picks Up.

By Christian Amstadter Here is some good information on the G-20 summit as well as some economic news that would affect the Mortgage Industry Copyright (c) 2009 Christian Amstadter This week in Pennsylvania, the G-20 summit began with a 2 day meeting. The economy is still vwery fragile and that is almost identical from what the Fed’s have said in the recent past. [more...]

Date: 2009-09-29 06:01:24

Investors May Be Too Optimistic About Consumer Recovery

The most accurate banking analyst, Meredith Whitney, has warned that banks are likely to continue to restrict consumer credit, ... , are implemented. Credit card issuers shifted their model away from one where they earned ... , the somewhat in debt and the chronically indebted. Indeed, in the stone ages of the 1980s, banks were really [more...]

Date: 2008-12-14 06:10:36

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

Bankruptcy Rules Thwart the Recovery

As seen in the Wall Street Journal The epic financial crisis afflicting the banking industry in the last 18 months is largely the result of ... in this bear market, the prospect of a bankruptcy puts a huge damper on investor appetite for debt ... debt issued for scores of leveraged buyouts in recent years. This sorry state of affairs could [more...]

Date: 2009-01-13 17:44:29

Goldman Sachs Predicts Loan Losses Will Top $2 Trillion

Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]

Date: 2009-01-15 23:05:05

Posts about ACORN as of September 28, 2009

Massive Voter Fraud In NY linked to ACORN - electionjournal.org 09/29/2009 The Working Families Party and local Democratic Party Officials are at the center of a massive voter fraud scandal in Troy, NY. According to the Times Union : Dozens of forged and fraudulent absentee ballots from people registered to vote on the Working Families Party line were filed in the Sept. 15 primary elections in Troy. [more...]

Date: 2009-09-29 05:45:28

Hamilton’s Counterfeit Capitalism

Daily Article by George F. Smith | As we await Bush’s replacement to straighten our wayward lives, it’s crucial to understand how we got here and why policy makers are so determined to do the wrong thing. Austrian economics explains why their policies are flawed, but no one with a voice seems to care [more...]

Date: 2009-01-15 21:36:00

An Alternative to the Stimulus

The talk of Washington this week is the $850 billion Democrat stimulus bill – with massive federal spending as our country’s debt tops $10 trillion ... debt for future generations – by avoiding a trillion dollar spending spree Our bill will contain NO pork and NO earmarks I encourage you to look at the Economic Recovery and Middle-Class Tax Relief [more...]

Date: 2009-01-14 15:29:44

Full Text: Barack Obama on Economy | Economic Recovery and Reinvestment | January 8, 2009

(Source: Office of the President-Elect) Throughout America’s history, there have been some years that simply rolled into the next without much notice or fanfare.  Then there are the years that come along once in a generation – the kind that mark a clean break from a troubled past, and set a new course for our nation [more...]

Date: 2009-01-08 18:00:11

Obama’s Solution to the Government Engineered Economic Crisis? More Government Interference

FreedomWorks Opposes President–Elect Obama’s Stimulus Plan — Borrowing and spending is not the solution for a problem caused by too much borrowing ... out of the recession is to get private capital back into the market and restore consumer confidence. Borrowing ... of bailouts and have no appetite for taking on two trillion dollars worth of debt in 2009 [more...]

Date: 2009-01-15 01:15:02

Could It Be ….. Recovery? If So, Hurry Up Already

I’m starting to like this 78-day presidential transition period more and more. That’s because in another 30 days or so, the economy might ( ... up monthly cash flow. Many others will be cash-out refis where the cash received at settlement will be used to make major puchases or pay down other debt. The idea that there has been some kind of “ [more...]

Date: 2008-12-18 17:29:55

Are We Witnessing the Collapse of Liberalism?

Are We Witnessing the Collapse of Liberalism? By J. Robert Smith Less than a year into his presidency, Barack Obama’s world grows bleaker.  Liberalism’s world is bleaker.  At home and abroad, liberalism, as advanced by the President, is failing.  Are we witnessing the beginnings of another historic event, loosely comparable to the fall of communism twenty years ago?  Now the fall of liberalism? [more...]

Date: 2009-09-29 13:36:14

Democrats Indicate A Pulse-- Some Will Not Be Rubber Stamps For Obama When He Leans Too Far Towards Bad Republican Ideas

Obama and Conrad With extreme right wing loons demanding that "their" congressional delegates adopt their own 100% obstruct-obstruct-obstruct posture towards Obama, Limbaugh and other Republican propaganda agents are already claiming the impending Bush-GOP Depression is Obama's fault-- just as they always claimed that FDR caused the Great [more...]

Date: 2009-01-09 15:39:47

Two Very Different Views On What To Expect In 2009

From MarketWatch Doomsayers warn: ‘No recovery before 2010 …So first let’s review Shilling’s forecasts for 2009 ... s part of a growing chorus of experts who believe “the worst global financial crisis and deepest ... lack.) Sell emerging-market equities. Sell emerging-market debt. Sell stocks in general [more...]

Date: 2009-01-15 03:42:37

A Lot of Homes for Sale

A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... more refinancing. Rates began falling as the Federal Reserve launched an effort in late November to aid housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]

Date: 2009-01-14 20:25:48

After 2 Weeks of Large Increase Mortgage Rates Fall Again

Author : Ki Gray So for the previous two weeks we saw sizable gains in mortgage rates Between May 28th and June 11th 30 year mortgage rates jumped from 4 91 to 5 59 This week we saw rates drop down to 5 38 Although we are still above what we were at two weeks ago it's nice to see mortgage rates moving back down The other major mortgage products all went down as well The 15 year dropped from 5 06 to 4 89 The 5 and 1 year arms dropped from 5 17 to 4 97 (5 year arm) and 5 04 to 4 95 (1 [more...]

Date: 2009-09-29 00:25:03

Notes from Today’s Economic Recovery Conference

Image via Wikipedia I spent today in Dublin at a conference organised by the UCD economics department and the ... s rant was so powerful, hair pieces fell off at the back of the room. The strength of his rant could ... , sustainability of pubic debt. Irish case is open to different views, need a consensus. [more...]

Date: 2009-01-12 20:38:41

Will All Be Well, And End Well, In Estonia?

Well, there doesn’t seem to much room for doubt at this point does there, the Baltic Economies are in the van of the European economic slowdown for 2009, just as they were leading the charge up in 2007, and all that debate about whether we were going to get a hard landing or a soft one seems now so out of date and and old hat as we watch how [more...]

Date: 2009-01-13 15:59:56

Nuclear warning to taxpayers, investors, part 2

By Joseph Romm Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per kilowatt-hour -- triple current U.S. electricity rates! Nuclear plants with such incredibly expensive electricity and "out of control" capital costs, as Time put it, obviously create large risks for utilities, [more...]

Date: 2009-01-10 12:44:19

How gullible are we?

Scrolling through the $825 billion dollar monstrosity, my first question is–how many unemployed construction workers do they think there are? Don’t they realize that they will be competing with the private sector beyond those currently unemployed? We signed our name to a blank check. (CEI opposed it.) [more...]

Date: 2009-01-15 21:43:17

NZ economy faces stagnation

WELLINGTON (New Zealand) - NEW Zealand's battered economy faces a year of stagnation with no recovery in sight until 2010, ... to liberalize the economy, reform regulations and revive confidence in a deeply negative business sector ... the unemployment rate climb to 7.5 per cent from 4.3 per cent now. Government debt was forecast to rise [more...]

Date: 2009-01-15 08:14:00

Truthout 1/15

Justice Dept.: Missing White House Emails Found http://www.truthout.org/011509A R. Jeffrey Smith, The Washington Post: "A Justice Department lawyer told a federal judge yesterday that the Bush administration will meet its legal requirement to transfer e-mails to the National Archives after spending more than $10 million to locate 14 million [more...]

Date: 2009-01-15 14:33:03

Stimulus Bill Outlined By House Democrats as Senate Budget Sees a Wall of Debt

This morning, House Democratic leaders released summaries of the $275 b. of tax cuts and $550 b ... to stimulate the economy.  The bulk of it paid down debt or was saved.  Now we're trying again ... mortgage foreclosures and to clean "troubled" assets from bank balance sheets.  Allen Sinai supported [more...]

Date: 2009-01-15 22:04:23

Department of Funny Headlines

"Borrowing $23.3 billion for state budget won't be easy, analyst says" I would replace "easy" with "possible ... potentially borrow some money, but it would either be against ourselves (by pushing the debt ... illegal) or by giving borrowers a federal guarantee against default, which is the whole reason why [more...]

Date: 2009-01-08 01:35:57

Deals of the Day: Jamie Dimon Predicts Two More Quarters of Recession

Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Deal Journal’s homepage is http://blogs.wsj.com/deals. You can also see real-time updates of our posts and our favorite deal-related articles on other Web [more...]

Date: 2009-01-13 15:28:00

Portugal Sustains

“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]

Date: 2009-01-12 14:37:23

"Is The Deficit A Threat To A Future Recovery?"

Jamie Galbraith responds to the question posed by the National Journal, "Is the deficit a threat to future recovery?" James K ... problem is not that it is too big, but that it is too small. Far too small. In principle ... device to promote expansion, since tax savings will be used first to try to pay down debt... A major [more...]

Date: 2008-12-03 20:24:00

No CHANGE There Then………

As U.S. Economy Goes Down, Congressional Pay Goes UpJanuary 12, 2009 · 3 Comments IPS | Jan 9, 2009By Adrianne AppelU.S. workers are losing jobs in record numbers, scores of businesses are shuttering and hundreds of thousands of families are newly homeless — and Congress just gave itself a generous pay raise [more...]

Date: 2009-01-15 10:52:04

The Ghost of Depression Past

The Ghost of Depression Past By The Editorial Board The economy is tanking, and true to Republican form, ... , making its other debt more expensive and undermining the very idea of state fiscal relief. Yet Mr ... federal relief, Mr. Hoover was finally persuaded by Congressional progressives to sign a bill [more...]

Date: 2009-01-08 21:08:14

Hoarders and Destroyers

Just when you thought it was all baked into the cake...whammo! Another pie to the face. Get ready for more pies. In fact, you could take your pick of pies this morning. The most painful pie was yesterday's 4.3% decline on the All Ords. It was the worst day of the year for Australian stocks. Unemployment called in at 4 [more...]

Date: 2009-01-16 03:04:54

A Lot of Homes for Sale

A Lot of Homes for Sale A Lot of Homes for Sale Many experts believe that a housing market recovery is just what's needed to revive the ... the heart of the housing crisis, and until those issues are resolved, analysts say, recovery will remain ... housing and rein in spreads on related debt and securities. Some of the worst-affected areas [more...]

Date: 2009-01-15 19:54:30

Do You Feel Stimulated?

Speaker Nancy Pelosi has released a draft of the proposed stimulus package that is now standing at around $825 billion.  It didn’t take too long to grow $50 over what Obama was asking for (read draft here).  Needless to say, that in order to get bi-partisanship off on the right foot, [more...]

Date: 2009-01-15 22:54:11

Fiscal deficits and reviving 'animal spirits'

The most important discussions, in my opinion, this year, and particularly for the next 6 months, ... deficits.As is already observable, those who most need a stimulus are already mired in debt, while those ... their wounds from debt losses, or if not, unwilling to start doing so now. This is again true [more...]

Date: 2009-01-14 22:14:00

Credit Bankruptcy - Essential Information

Someone once said that bankruptcy is essential in order for capitalism to survive ... (if not all) of the debt is forgiven. Are there any disadvantages? First of all, each future credit check ... into consideration for any person who intends to declare bankruptcy. The financial situation – being in debt – [more...]

Date: 2009-01-16 00:24:18

More (less) on the costs of stimulus

This is what I’m talking about in my last post: We can continue to debate the size and nature of the stimulus, of course, ... revenue. So bang for the buck — increase in GDP per dollar of added debt — is 3, not 1.5. Since the main concern about stimulus is that it will add to government debt, it’s this bang for the buck [more...]

Date: 2009-01-16 03:30:42

The Green shoots Baroness is a disaster for what she does more than for what she says

The Opposition will continue to remind people of the insensitive remarks of Baroness Vadera, ... , private equity injections, demergers and other methods of challenging and changing management ... into base metal. Why on earth didn’t she suggest short term Bank of England loans against security [more...]

Date: 2009-01-15 10:36:43

Forecasting The Current Recession

We all know that the current economic conditions are unlike anything we have ever seen before. This was a large reason why it took the folks responsible for identifying recessions so long to make the official announcement. It is very interesting to hear their reasoning behind the delay, [more...]

Date: 2009-01-15 20:23:03

MortgageNewsClips: Is The Fed Done?, Awesome Map, AARP 625k HECM, Banks Hoarding?, Muni Market, Bernanke, Warming Up, Fed High Wire, PMI Report, Ira Has 3

VIDEO: Monetary Policy with Zero Interest Rates: Is the Fed Done? ... that banks are hoarding capital. There’s just one problem: they’re not. Gary Townsend explains ... paper - Data provider Dealogic says global sales of corporate debt surged to $82 billion last week [more...]

Date: 2009-01-16 01:21:57

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