Mar 11 2010

631 Million Credit Cards for 113 Million Households – Credit Card Excess Contracting for First Time in 40 Years. How Plastic Hid Middle Class Financial Decay.

It is estimated that in 2010 we will have 181 million Americans carrying credit cards.  Now this is interesting given that Census data from 2008 only shows 113 million households.  The credit card is ubiquitous flowing through our economy like a river of easy money.  Yet credit cards have become a major pitfall for many [...]

Mar 1 2010

Commercial Real Estate Problems in Financial Purgatory – $3.4 Trillion Debt Market and Expansion of Interest Only Loans to Finance CRE Deals. CRE Debt Found its way into Pension Funds.

The Congressional Oversight Panel put out a daunting report regarding the commercial real estate market.  Commercial real estate is an enormous market with $3.4 trillion in debt secured by office space, malls, and apartment complexes to name a few examples.  Commercial real estate does a fairly good job as being a barometer for the actual [...]

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