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rffrydr
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rffrydr
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 Posted: Tue Jan 31, 2012 7:32 pm Post subject: |
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Listen to the founder of and co-creator of the final word in RE prices stumble and hem and haw and generally struggle to match his 3-6 mo lagging home price index with the reality of RE prices--now...and then!
http://media.bloomberg.com/bb/avfile/News/Surveillance/vezQG885w4gY.mp3
From the industry that brought you "location, location, location", and "there's never been a better time to own a home".....now we have "the truth."
The "truth" is that this is not a market that you can in any way shape or form "mark" to. There is a gaping bid/ask.....shadow inventory that itself doesn't exist, unwillingness to fall on the market's sword (who'd a'thunk?) by the average housewife. Wall St. this world is not.
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rffrydr
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rffrydr
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Location: Sunny California
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rffrydr
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Location: Sunny California
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rffrydr
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| Posted: Mon Oct 31, 2011 8:58 am Post subject: |
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MF Global portfolio being "marked-to-market" today.
Bloodsport: a market far older, and far more primitive.
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rffrydr
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| Posted: Wed Oct 19, 2011 11:03 am Post subject: |
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Bloomberg had the 5 year CDS on China at 161.7 bps and the 5 year CDS on Colombia at 155.9 bps Tuesday afternoon.
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rffrydr
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rffrydr
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rffrydr
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rffrydr
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| Posted: Thu Jun 02, 2011 12:31 pm Post subject: |
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Two weeks ago the market was apoplectic about inflation and FED inaction. Now it's all where is QEIII. And, you know what?....the market is always right 
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rffrydr
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rffrydr
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| Posted: Sun Apr 17, 2011 5:00 pm Post subject: |
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Everything has its price--but does that mean everything can be bought???
http://www.economist.com/node/18560525?story_id=18560525
| Quote: | ....Another favoured sink for the world’s riches is property. Perhaps China should buy some exclusive Manhattan addresses. Hell, why not buy all of Manhattan? The island’s taxable real estate is worth only $287 billion, according to the New York City government. The properties of Washington, DC, are valued at a piffling $232 billion. China is accustomed to being Washington’s banker. Why not become its landlord instead?
China could also allay its fears about energy, food and military security. Three trillion dollars would buy about 88% of this year’s global oil supply. It would take only $1.87 trillion (at 2009 prices) to buy all of the farmland (and farm buildings) in the continental United States. And China could theoretically buy America’s entire Department of Defence, which has assets worth only $1.9 trillion, according to its 2010 balance-sheet. Much of that figure is land, buildings and investments; the guns, tanks and other military gear are valued at only $413.7 billion.... |
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rffrydr
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| Posted: Fri Mar 18, 2011 6:29 am Post subject: |
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FT casting dispersions over the first co-ordinated intervention in a decade. I'd go against this esp. in light of the current G-20=G-Zero that we've got. Obviously yen repatriation is not a natural "market trend." Discontinuities wherein trends are reduced singlarities are a fundamental weakness of capitalistic systems and need to be "regulated" to the extent that is possible. We should be thankful that in this case it is.
The G7 and the yen
Published: March 18 2011 07:35 | Last updated: March 18 2011 08:34
| Quote: | It was hard to argue that Japan did not deserve a break. The world’s first co-ordinated currency intervention for 11 years, announced on Friday morning, has been described by the G7 finance ministers and central bankers as an expression of “solidarity.” Back in September 2000, the same group propped up a weak and volatile euro out of a “shared concern ... for the world economy.” Friday’s campaign is all about Japan, and what it needs to get back on its feet.
The history of currency interventions suggests that solitary action is not enough. In mid-September, for example, when the BoJ went it alone, the sale of ¥2,125bn($26bn) (the biggest-ever one-day intervention) reversed the yen’s appreciation trend only briefly. By November 1, as the Fed announced a second round of quantitative easing, the yen had strengthened to 80.22 to the dollar, from 82.08 at the time of the intervention. But there is strength in numbers. Between 1985 and 2000 there were five; four of them proved to be turning-points for the currency in question. If the G7 can keep the yen above 80 for the next few weeks and months – it had climbed to 81.80, up 3.5 per cent, by 4.30pm in Tokyo – this too could change the trend.
But there are a few things to note. One is global risk aversion. The conflicts in the Middle East, and the possible need to bring reconstruction funds back into Japan, are not conducive to yen weakness. Neither are ultra-low interest rates elsewhere, diminishing the appeal of the dollar and euro. Then, of course, there is China, which may not entirely welcome a weaker yen, if that implies dollar strength. The international community, via the G7 and G20, has spent years lecturing Beijing on the virtues of market-determined exchange rates. Friday’s abandonment of that principle, however well-intentioned, may have unintended consequences. |
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rffrydr
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