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I have a friend from way back who works at a local law firm that handles all of my debt collections, evictions, etc. We have a great arrangement where they're paid on a 'bulk basis.' The pain in the ass is the apartments. Without giving out proprietary info, I have few competitors renting...

I just had a deal with a hospital fall through. Without getting into specifics, none other than the CFO himself told me that they've begun redlighting everything, and they've even instituted both across the board pay cuts and now are starting to lay people off (they laid off over 200...

I develop real estate and build income producing assets, whether apartments, shopping centers or office buildings. Obviously, the past 18 months has been a crushing experience, but because my firm did not borrow massively during the boom times, we are positioned to weather this storm more...

http://www.nytimes.com/2009/05/05/nyregion/05evict.html?hp More Middle-Class New Yorkers Face Eviction By MANNY FERNANDEZ Published: May 4, 2009 A registered nurse came close to losing her $1,550-a-month apartment on the Upper East Side after being let go from two jobs in three months...

There are 13 million unemployed now, fellas, with another 11 million Americans looking for full time work. 15-17 million unemployed within 12 to 18 months is not at all impossible; in fact, some may claim it's potentially likely. First, let us break down the numbers: Civilian Labor...

I don't trade. I know way too many bright people who rode the highest mountains when markets rallied, only to puke everything more and back when corrections set in, and who got anally raped in terms of tax treatment in the process (paying massive taxes in good times, and only being able to...

The crash is coming, with most likely 15 to 17 million unemployed Americans by next fall (officially; unofficially, it will be closer to 20 million), and we'll see how popular Obama is in 2010 and 2011.

Some people were born to save and own, and others to spend and rent. Freddie and Fannie have been disaster agencies, and the mantra of 'everyone should own a home' has been decimated and reduced to a silly pile of rubble. We all paying for the hubris of a few, now.

The important thing is not that I reprinted the article for everyone here to read (many probably knew of this), but that one of the most dynamic economies in the world, that of India, is seeing investment dry up, jobless rates rise, and consumer purchases decline.

http://www.nytimes.com/2009/05/05/business/global/05rupee.html?hpw India’s Economy Is Suddenly Starved for Investment Construction cables await the return of financing and workers to continue development of this mall site in Gurgaon. By VIKAS BAJAJ and SOMINI SENGUPTA Published...

Banks See Loan Losses Deepening This Year, Fed Loan Officers' Survey Shows http://www.bloomberg.com/apps/news?pid=20601068&sid=aUsKT1cqx43c&refer=home Fed Says U.S. Banks Expect Deepening of Loan Losses (Update1) Share | Email | Print | A A A By Scott Lanman May 4 (Bloomberg) --...

Allan H. Meltzer, a professor of political economy at Carnegie Mellon University, is the author of “A History of the Federal Reserve.” Inflation Nation By ALLAN H. MELTZER Published: May 3, 2009 Pittsburgh IN the 1970s, with inflation rising, I often described the Federal...

http://www.google.com/hostednews/ap/article/ALeqM5iYNyoa9py6Q5Nri4VNBP-WVxttmQD97VMKEO0 AP IMPACT: Empty neighborhoods fill Rust Belt By DAN SEWELL and FRANK BASS – 3 hours ago CINCINNATI (AP) — Meet the forgotten housing crisis. While most attention has focused on the wave of...

ssssshhhhhhh! jfuckette will believe you and go posting 100 threads about Obama jack-booted thugs.

That could be an excellent title for an article or even a book for the foundation-less economy we have in the U.S., and that exists in a few other nations. I've seen basements with 1 inch wide vertical cracks in the wall, running the entire length of the wall, top to bottom, spilling into the...

The old 'there's a ton of money on the sidelines' thesis. I've heard that just before some of the biggest crashes ever. The underlying economy simply is not able to sustain anywhere near the earnings these levels on the indexes apparently are dreaming about.

It's the Cool Ranch Dorito WoW crowd...

Biggest, fastest rally since the post-Crash 1930s, and on the back of a weakening economy here and abroad (Europe has abysmal revisions yesterday - they are in deep crap). Markets can irrational longer than individuals can remain solvent, but with the continuing job losses, which is by far...

MPEL is the casino play of the year.