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Go buy a new Miami condo before the Greeks with sneakers snap them all up. They cost $350 per foot to build and you can get them for around $65 per foot....what kind of inflation is that?

The issue is not layoffs. Of course layoffs decline; just like when you pour water out of a jug. The issue is new hires, new job formation; that is the indicator of growth and recovery. The aggregate job headline number blurrs that distinction and the focus on the layoffs is just looking in...

I agree with Indq, and reitierate that you need a professional to help you. The opportunity in this market is buy property that is usually never for sale...that is not typically in the short sales, and if it is you should buy it quickly. You should be looking for a deal on a 'blue chip'...

Depending on local law and practice, you can present a back up offer on an all cash basis that the seller may prefer. You really should get some local advice from a realtor or a lawer. Don't try to squeeze every penny of savings, you will make a mistake that will cost you more than you can save.

The main thing to understand about real estate is that it is all local, each house, condo, coop, neighborhood, state, city and price range is different. When leverage ratio's on houses were about 100% and dozens of banks and mortgage companies were competing for the right to fund your...

Morganist, Sorry, I was a bit tough. You deserve credit for having an opinion that you put out there, even if I couldn't disagree more with what appears to be your core point of view based on demand theory and demand metrics, that has never been the basis of confirmed prediction...Perhaps this...

Morganist, any time you change the terms of debt contract you create a default, even if the lender agrees to modify the original. It should be obvious that a modification of contract rather that performance and fulfilment of the original contract must favor the modifier, other wise there...

Agreed, Ireland is not inslovent. I shouldn't have implied it was. Didn't mean to imply that Greeks are not responsible for thier predicament. They used cheap debt obtained at German rates and used it to fund bloated payrolls and benefits that did not build an increase in productivity...

Intradaybill, yes I meant to write 'appreciated' not 'depreciated;' I had deflation on my mind. Lets hope the Greek Unions don't figure out that Ireland, which apprears as troubled as Greece, will comply with the 'rescue' plan that requires all EMU members to contribute pro rata based on the...

South Korea had a productive industrial base that suffered from its link to the dollar during a time when the dollar was depreciating...increasing the cost of Korean Exports. South Korea was not insolvent but it was suffering capital flight. Greece is different, there is no infrastructure to...

If Greece remains in the EMU it cannot devalue. Even if they withdrew from the EMU and reintroduced the Drachma at a devalued rate they would not be better off. Devaluation has never caused growth, it obliterates the savings and pensions of the people and lowers the standard of living in...

I am sorry but there is no good solution. Greece borrowed too much money at German rates and they squandered it. Greece has done nothing for decades to build its productive capacity and they have now, again created the condition of default. If you read Rogoff, Greece's default in 1826 kept it...

He is an Economics professor at Yale.

The way I look at it is that they are already in default and they will soon have the economic profile of Iceland. The austerity prescription will be no 'solution,' it will produce the same economy as default. GDP will go negative, CPI will go negative, unemployment will go over 25%, debt will...

A soveriegn is insolvent when it can't raise money on its own in a public debt auction that it can afford to maintain; when it can't raise the debt on its own to roll over existing debt and it has no other way to pay off that debt when it matures. That's Greece now, it is not yet the U.S...

Why wouldn't you just manipulate the leverage ratio through the existing powers of the Central Bank over the banking system a la Gaenkoplos Leverage Cycle Theory.

On the issue of solvency and liquidity...didn't you all notice that the Greeks can't roll over and maintain thier current level of debt at any market rate over 6%? Wouldn't you call that insolvent? Now the banks are loosing deposits as the Greeks with sneakers take full advantage of the...

Thanks, your responses were very helpful to me and I understand where you are coming from much better now. Unfortunately that understanding leads me to the conclusion that I have nothing positive I can say that is likely to help you. Good luck with your book, I am sure it will read like one...

The silly young or otherwise inexcusibly stupid green fascists who amazingly believe we should burn what we eat will end up cutting down more trees than the loggers ever did. Soon they will all be eating 'Soilent Green,' Jonathan Swift please call your office we have a new 'green' proposal for you.

Scriabinop23, with regard to printing money, just to be very clear, you and I both know that there is no real printing going on, what we are talking about is digital transactions between bank balance sheets. So, we are talking about digital ‘money’ creation. In that context most of the Fed...