Nov 26 2010

The shadow bailout of the commercial real estate industry – bailing out the Ritz, failed million dollar unit condo projects, and buying empty shopping malls. Why the Fed wants to destroy the US dollar and continue the failed bailouts of the banking sector.

It is amazing that so little information about commercial real estate has made it onto the mainstream media.  Few in the public realize that commercial real estate (CRE) has actually fallen harder than residential real estate yet 99.9 percent of all media coverage has been strictly on residential real estate.  The CRE market is enormous […]

Nov 22 2010

The infection of massive global debt and the era of permanent bailouts – Global bankers on a mission to dilute currencies around the world. Ireland GDP equal to Louisiana GDP.

The problems plaguing Ireland are common and something very familiar with Americans.  Irish banks got drunk on housing bubble beer and loans were made without any actual thoughtful analysis of whether the loans would be paid back.  Now the European Union is stepping in with the IMF to bailout Ireland not because it has a […]

Nov 19 2010

When peak credit implodes on the consumer balance sheet – $1 trillion in consumer debt has been removed from the market since 2008. Only consumer debt category growing is student loan debt.

The U.S. insatiable consumer machine has reached a peak debt scenario.  Household balance sheets are simply unable to take on more debt on their already financially sore shoulders.  At the core of the Federal Reserve quantitative easing actions is the mission to lower the interest rate since consumers simply are unable to borrow more.  By […]

Nov 16 2010

California facing $20 billion budget deficits deep into 2016 – $25 billion budget deficit starring California in the face for the next fiscal year and overly optimistic economic predictions.

California, the wealthiest state in our nation is facing some Herculean financial troubles yet again.  As the elections came to a dramatic close, it was announced that a $6 billion budget deficit emerged from “miscalculations” of potential revenue streams.  The current Governor was overly optimistic in many respects including an expectation that the Federal government […]

Nov 12 2010

The stalling of the California housing market – California Foreclosure Prevention Act has institutionalized a drawn out foreclosure process. 470,000 MLS listed and distressed homes in the state. California construction industry employing the same number of workers as it did in the early 1990s.

The state of California continues to grapple with the collapse of the enormous housing bubble.  The Governor earlier in the week called for a special emergency session to deal with a $6 billion deficit that emerged just weeks after the state budget was signed and the ink dried.  States with a large dependence on the […]

Nov 9 2010

Dark Ages for a modern Middle Class – Modern day debt serfdom and rising prices not seen through the consumer price index. Coffee up 50 percent for the year.

Most Americans enjoy a good cup of coffee.  Yet very few realize that coffee futures are now up over 50 percent for 2010.  Creative packaging that includes smaller quantities but offers the same price helps delude many Americans into thinking their dollar still has the purchasing power of better days.  This all occurs in a […]

Nov 6 2010

Las Vegas city has 3 times the rentals of Los Angeles city and L.A. has 6 times the population – U-Haul rate trends and home sales higher in Las Vegas than peak months of the bubble driven by absentee investors.

The Las Vegas housing market expanded and popped the quickest and highlights the gambling euphoria that engulfed the housing bubble.  The housing market in Las Vegas has served as an albatross to drag the state of Nevada down to the point that now the desert state ranks as number one in unemployment nationwide.  One of […]

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