Nov 19 2009

Commercial Real Estate Reality Check: 2007 Commercial Real Estate Valued at $6.5 Trillion with $3.5 trillion loans. Today, Commercial Real Estate Valued at $3.5 Trillion with $3.5 Trillion in Loans. Can you spot the Problem?

Commercial real estate is dealing with the neutron bomb effect.  The buildings still stand but the inside is gutted as if vultures had devoured a carcass.  What we are seeing, like in many other sectors of our economy, is a distinction between reality based economics and the inflated prices of Wall Street.  If we look […]

Nov 2 2009

Bankruptcy Filings to Match Divorce Filings in 2009: 1.5 Million. 35.8 Million Americans on Food Stamps – 11 Percent of the Population. The 5 Indicators of the Misery Index.

It is a sobering fact that in 2009, there will be as many people filing for bankruptcy as those filing for a divorce.  We are on track to seeing an average of nearly 5,900 bankruptcy filings a day for 2009.  While some people use the stock market as their barometer of economic recovery, there are […]

Oct 22 2009

Credit Card Companies Evolving Revenue Streams: Penalty for Paying on Time, 79.9% Annual Fee, Rising Charge Offs. The New Credit Card Revenue Streams.

The love hate relationship with credit cards for many Americans is probably leaning more in the hate stage at the moment.  Americans have over $2 trillion in revolving debt – $1 trillion of that is plastic.  The average American has come to rely on credit cards as a form of supplemental income, like retirees come […]

Oct 18 2009

JP Morgan the new Lehman Brothers: Why Make Money through Commercial Banking when you can become a taxpayer backed Investment Bank. How JP Morgan Really made the $3.6 Billion in Q3 Profits.

Toxic mortgages and credit card losses through defaults are rising at a rapid pace.  This was also apparent in the earnings report from JP Morgan that reported positive earnings because of non-retail banking activities.  Yet the media for whatever reason isn’t highlighting more carefully where the gains are coming from.  For example, JP Morgan which […]

Oct 8 2009

Bankruptcy Filings Spiking: Chapter 7 Booming and 8 Years of Credit Card Industry Lobbying and $100 Million in Fees.

There is probably no bigger sign of economic distress than bankruptcy.  It can be in the form of a business unable to pay debt obligations or an individual simply unable to keep up with former obligations.  Most people that file for bankruptcy are not in a good economic spot.  In fact, if you want a […]

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