7/24/09
Folks, please click to enlarge the content of this interesting redesign cnbc website.
Friday, July 24, 2009
Laughing CNBC website redesign !!!
7/24/09
Folks, please click to enlarge the content of this interesting redesign cnbc website.
Wednesday, July 22, 2009
Tick..Tick...Ticking Boom is coming !!!
7/22/09
It has been awhile I write anything here. However, I find no good news since last time I update my blog. The only good news is stock market running like super bulls market. Let's read the following:
Federal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market.
Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem” mortgages to avert defaults. Christopher Dodd, the Connecticut Democrat who chairs the panel, told Bernanke that “some have suggested” the commercial market “may even dwarf the residential mortgage problems” in the U.S.
It “may be appropriate” for the government and Congress to consider “fiscal” steps to support the industry, Bernanke said today. Ideas for fresh support for the market could include government guarantees for commercial mortgages, Bernanke also said today, while noting no proposal on the subject has emerged.
U.S. commercial property prices fell 7.6 percent in May from a month earlier, bringing the total decline to 35 percent since the market’s peak, Moody’s Investors Service said in a report this week. Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month.
“As the recession’s gotten worse in the last six months or so, we’re seeing increased vacancy, declining rents, falling prices -- and so, more pressure on commercial real estate,” Bernanke said yesterday. “We are somewhat concerned about that sector and are paying very close attention to it. We’re taking the steps that we can through the banking system and through the securitization markets to try to address it.”
One of the main issues for the industry is that the market for debt backed by commercial mortgages “has completely shut down,” the Fed chief said yesterday.
Folks, remember what our Fed Chairman has said since 2005...
It has been awhile I write anything here. However, I find no good news since last time I update my blog. The only good news is stock market running like super bulls market. Let's read the following:
Federal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market.
Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem” mortgages to avert defaults. Christopher Dodd, the Connecticut Democrat who chairs the panel, told Bernanke that “some have suggested” the commercial market “may even dwarf the residential mortgage problems” in the U.S.
It “may be appropriate” for the government and Congress to consider “fiscal” steps to support the industry, Bernanke said today. Ideas for fresh support for the market could include government guarantees for commercial mortgages, Bernanke also said today, while noting no proposal on the subject has emerged.
U.S. commercial property prices fell 7.6 percent in May from a month earlier, bringing the total decline to 35 percent since the market’s peak, Moody’s Investors Service said in a report this week. Commercial properties in the U.S. valued at more than $108 billion are now in default, foreclosure or bankruptcy, almost double than at the start of the year, Real Capital Analytics Inc. said earlier this month.
“As the recession’s gotten worse in the last six months or so, we’re seeing increased vacancy, declining rents, falling prices -- and so, more pressure on commercial real estate,” Bernanke said yesterday. “We are somewhat concerned about that sector and are paying very close attention to it. We’re taking the steps that we can through the banking system and through the securitization markets to try to address it.”
One of the main issues for the industry is that the market for debt backed by commercial mortgages “has completely shut down,” the Fed chief said yesterday.
Folks, remember what our Fed Chairman has said since 2005...
- In 2005 Bernanke said there was no housing bubble to bust. "[Housing] increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households.
- Less than two years ago he said things were contained.
- In January 2008, he said housing would improve by the end of the year.
Wednesday, July 8, 2009
Market support still held !!
7/8/09
The support zone 875-880 still held! I expect market will rebound tomorrow. Now, I post little more detail on Chinese blog!
Interesting comments from former assitant Treasury Secretary !!!
7/8/09
The following is an interesting comments from a very outspoken Former Assistant Treasury Secretary(Craig Roberts) on the bailouts, the dollar, and Goldman Sachs.
Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will resort to next.
Max Keiser: Quick question. What should the Treasury Secretary be doing?
Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.
Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?
Craig Roberts: He works for Goldman Sachs.
My comment: Even the government former co-worker think our Treasury Secretary is a dump fool!! What a shame for America and us!!
The following is an interesting comments from a very outspoken Former Assistant Treasury Secretary(Craig Roberts) on the bailouts, the dollar, and Goldman Sachs.
Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will resort to next.
Max Keiser: Quick question. What should the Treasury Secretary be doing?
Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.
Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?
Craig Roberts: He works for Goldman Sachs.
My comment: Even the government former co-worker think our Treasury Secretary is a dump fool!! What a shame for America and us!!
Tuesday, July 7, 2009
What ??! Pradon Me !! 2nd Stimulus ....
7/7/09
As I always thought, our government are only keep printing money without solving any issue or helping our economy at all. None!! Period!! As every major news source....
"I think we need to be open to whether we need additional action," said by House of Representatives Majority Leader Steny Hoyer.
And
Laura D'Andrea Tyson, an economic adviser Obama, said on Tuesday in Singapore that the United States should be planning for a possible second round of fiscal stimulus and focused on infrastructure investment.
What?! then consider sunday our vice president admitted:
"we misread how bad the economy was....."
Everybody, let see where they so called experts economists and white house bought us into? They are liable for what their economic policy. Correct!! You cannot just admit "I was damn wrong back then underestimate how bad our economy will go...." those all f*&^ BS stuffs. We are not children, white house, we now all are feeling, seeing, frustrating about our future, fake hope of 2nd half year recovery. I swear to you white house folks:"Recovery your ass" Now, to make us fool again to introduce 2nd stimulus wasting money scheme. Damn. Good luck to us all !!!
As I always thought, our government are only keep printing money without solving any issue or helping our economy at all. None!! Period!! As every major news source....
"I think we need to be open to whether we need additional action," said by House of Representatives Majority Leader Steny Hoyer.
And
Laura D'Andrea Tyson, an economic adviser Obama, said on Tuesday in Singapore that the United States should be planning for a possible second round of fiscal stimulus and focused on infrastructure investment.
What?! then consider sunday our vice president admitted:
"we misread how bad the economy was....."
Everybody, let see where they so called experts economists and white house bought us into? They are liable for what their economic policy. Correct!! You cannot just admit "I was damn wrong back then underestimate how bad our economy will go...." those all f*&^ BS stuffs. We are not children, white house, we now all are feeling, seeing, frustrating about our future, fake hope of 2nd half year recovery. I swear to you white house folks:"Recovery your ass" Now, to make us fool again to introduce 2nd stimulus wasting money scheme. Damn. Good luck to us all !!!
Monday, July 6, 2009
Market still hold above key support !!!
7/6/09
Market is still able holding on above key support 8200 for Dow!! Expect more rebound for tomorrow morning.
Economic reports are rather light this week. Only items worth paying attention to are ISM index and Initial jobless claims for May.
Alcoa will kick off 2nd quarter earnings. Right now, expectations for these earnings is not very high.
Geither (Treasury) and Elizabeth Duke (Federal Reserve) will speak this week.
Group of Eight Summit in Italy is an important event. China has once again proposed a new world currency. This will affect the market mood. However, it is unlikely that such proposal will have any long lasting consequences.
Subscribe to:
Posts (Atom)
