Felix Salmon has a post up tonight along the same lines of one I put up earlier today (link). He talks about the currently in vogue investment idea of raising money for REIT’s to invest in distressed real estate. You can check back on my blog post for the details or go to Felix’s and […]
Archive for July 19th, 2009
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Swine Flu: Just Waiting To Cripple Economies
Posted by Tom Lindmark on July 19th, 2009
As if there wasn’t enough to worry about, we now have Ernst & Young warning that Britain could end up in a long deflationary slide because of the swine flu. Do you get the feeling that we’re living through some sort of Old Testament era? From the Telegraph: The group [Ernst & Young] said a […]
CIT Gets Some Breathing Room
Posted by Tom Lindmark on July 19th, 2009
Hallelujah, a victory of sorts for capitalism. The WSJ is reporting that CIT has reached an agreement with some of its bondholders that will give it some breathing room: CIT Group Inc. was close to securing $3 billion in last-minute rescue financing from its bondholders Sunday in a deal that should keep the struggling firm — […]
CRE Data Points And More Vultures Circling
Posted by Tom Lindmark on July 19th, 2009
There are two ways to judge the state of commercial real estate. Look at the statistics and look at the vultures starting to circle. For statistics, let’s consider those cited for Phoenix in the Arizona Republic today (sorry no link available). The commercial vacancy rate increased from 19.9% in the first quarter to 21.4% in […]
Seeking Influence
Posted by Tom Lindmark on July 19th, 2009
The capitulation nears completion. From the New York Times: Jamie Dimon, the head of JPMorgan Chase, will hold a meeting of his board here in the nation’s capital for the first time on Monday, with a special guest expected: the White House chief of staff, Rahm Emanuel. Mr. Emanuel’s appearance would underscore the pull of Mr. Dimon, […]
Congratulations Stewart Cink, Thank You Tom Watson
Posted by Tom Lindmark on July 19th, 2009
What might have been but for sixty-old nerves on the seventy second hole. Tom Watson put on a show for the ages and reminded us once again why he’s not only a great golfer but also a great guy. So Stewart Cink walks away with the Claret Jug and Tom Watson with his reputation burnished […]
Political Quotes Of The Week
Posted by Tom Lindmark on July 19th, 2009
Here is a link to the Top 10 political quotes of the week via Politico and here is a sample of a couple. “I want to go ahead and acknowledge the new mayor, since he’s the new mayor – Mayor Dave Bing, great ball player. My game is a little like Dave Bing’s, except I […]
