Imagine how disappointed lenders will be when these loans default. And then, imagine how American investors will feel when a new wave of mortgage defaults and foreclosures is hits the commercial property market.
October 5th, 2009 | Bill Bonner | 11 comments | ContinuedAll Posts Tagged With: "commercial property"
A Credit Depression
You don’t need to own subprime loans to take loan losses in a credit depression. Smith said the area that concerned him most was the surge in small and mid-size businesses simply closing up shop unexpectedly. “In the real economy,” he said, “there is no evidence that the world economy is yet bottoming.”
April 30th, 2009 | Dan Denning | 5 comments | Continued
The Collapse of Complex Asset Values
In the name of “stimulus” and “recovery” and to supposedly correct the excesses of the market, none of the normal free market mechanisms to punish the excesses are being allowed to function. Instead of acknowledging that markets work in boom/bust cycles of progress, excess, and consolidation, today’s generation of policy leaders want to eliminate cycles to preserve their fictitious wealth and power!…
January 29th, 2009 | Dan Denning | 7 comments | Continued
Commercial Property on the Ropes in a Consumer Economy
It will be interesting to watch commercial property in Australia in 2009. Will it go bust? And will it go bust before residential real estate? Naturally, most of the focus in the property market is on residential real estate. Australia has resisted a major residential real estate bust so far. For one, you can’t mail your keys in and walk away from your home here like you can do in America. Read on…
December 15th, 2008 | Dan Denning | 2 comments | Continued