Archive for July 8th, 2009

Another Flight To Treasuries – Avoiding A Summer Storm?

Just a few quick thoughts, so move on along if you find this irrelevant. The auction of 10-year bonds today was by all accounts a home run. Investors gobbled up the issue, led by central banks and the yield on the bond dropped precipitously. Remember, several weeks ago it was at 4% and the talk [...]

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China’s Wandering Millions

If you sometimes wonder why China is so hell bent on keeping economic growth at high levels the following article might open your eyes a bit. It comes via Capital Gains and Games and was written by a sociology professor at Columbia: The conventional term for internal migrants in China is “floating population,” a phrase [...]

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Treasury Kicks Off PPIP

At last it seems to have arrived, the much discussed PPIP. The Treasury has released the names of the managers and minority managers and indicates that the program, or at least part of it is on go. From the press release, here are the managers of the program: AllianceBernstein, LP and its sub-advisors Greenfield Partners, [...]

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Revisiting The ’70s

I’ve come to the conclusion that American politicians followed closely by American journalists have absolutely no facility for comprehending historical lessons. Today’s case in point is the move towards limiting “speculation” in oil. Now the potential for repeating history might be somewhat muted if this movement were limited to the oil futures market but as [...]

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In Phoenix A Major Developer’s BK Speaks To The Devestation In CRE

Here’s an Arizona slant on the commercial real estate implosion. From the Arizona Republic: One of the area’s largest and most influential commercial developers has entered bankruptcy proceedings and plans to wind down its operations permanently, a company official said. Phoenix-based Opus West Corp. filed for Chapter 11 reorganization Monday in the U.S. Bankruptcy Court’s [...]

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Take Note Of The Vultures Circling Commercial Real Estate

When the vultures start flocking is that a good sign for the economy? It may seem perverse but there’s probably some truth there. That’s why I take a little bit of hope out of this article in The Deal: When it comes to investing, especially in real estate, the conventional wisdom is the best time [...]

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