Bet your bottom dollar
That tomorrow, there'll be sun
Jus' thinkin' about, tomorrow
Clears away the cobwebs and the sorrow
'til there's none
In yet more happy economic news, the commercial real estate market is about to crash!
A 5-second video illustrating what is about to happen to the commercial housing market
The commercial real estate market is in the tank and many banks are said to be unprepared for it. The numbers aren't good at all. The Fed and other experts are anticipating a crash that could be worse than anything we've seen in a long while in that area. And the broader implications for the economy are, obviously, not very good.
And don't forget, a lot of Obama insiders are heavy into commercial real estate in Chicago. We can't expect them to take a loss, now can we?
Fed Says CRE Loan Losses To Be 45% in 2010
My company has been looking for real estate deals and we have been frustrated finding deals we can live with. We have researched the Southern California market with which we are familiar and find either banks are holding on to bad deals or that , once they foreclose, they are asking more than we believe the property is worth. This isn’t a local phenomenon, but, as our connections tell us, is nationwide.
Many investors are sitting around waiting for the big commercial real estate crash, and they won’t be disappointed. As any property owner will tell you now, it’s a scramble to keep and find tenants. Rents are declining, buildings are starting to empty, and there is very little financing available ...
Fiscal Storm in Caymans Is Set To Spread.
“But the second reason why the Cayman tale is intriguing is that it reflects a much wider fiscal problem. Most other western nations are also beset by ballooning public spending – and a shrinking pool of tax revenues ... many western nations have also defied gravity by using oodles of central bank liquidity to keep bond markets calm. Yet, such measures are just sticking plaster solutions; in the future, painful choices loom about spending cuts and tax rises.”
Sing with me ... The sun will come out, tomorrow ...
