Oct 26 2009
Commercial Real Estate Implosion: 67 Percent Fall in Multifamily Starts, Ghost Buildings, $3 Trillion in Debt, 41 Percent Drop in CRE, and Collapse in Rents.
Driving along the highway at night, it is an eerie sight to look at some of the vacant buildings. The lights are on but the floors are empty awaiting an audience that will never come. Can it be that commercial real estate, with over $3 trillion outstanding be in worse shape than residential housing? In [...]
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 [...]
