Commercial Real Estate Crash Underway, The Global Economic Vacuum
Posted by James Breen at 26 January 2008 7:30
Don't be scared, investment property is not an mysterious theme, everybody talk about it. Here something I want to share with you.
Let's see this:
It's been bothering me all week. The day on which the US markets were closed (for MLK day), the major bourses around the rest of the world tanked. I thought the US was the sick man here, the euro was doing fine, BRIC was the emerging global force etc. Why is the rest of the world so affected when they have been trying to de-couple from the US economy for a few years now? I found my answer when I read this Heritage Foundation and WSJ Index of Economic Freedom courtesy of Jason Busch. It ..read all.
I love the posting, I made a copy and share:
The Financial Times is reporting Squeeze halts sales in office property. US office property sales fell by the largest amount since the September 11 2001 terror attacks in the final three months of last year, raising fears that commercial real estate is heading for a meltdown. The volume of office space sold in the final quarter of 2007 fell 42 per cent to $26.5bn, compared with the same period in 2006, according to data released on Friday by Real Capital Analytics, a real estate data company. ..full story.
Don't wait too long, this might be over before you know it.
Chalmers Johnson offers a good review on an interesting book called Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism by Ha-Joon Chang, a Cambridge Economist and historian who considers Thomas Friedman's book "The Lexus and the Olive Tree" quite laughable. Here is a sample from Johnson's review: In Chang's conception, there are two kinds of Bad Samaritans. There are the genuine, powerful "ladder-kickers" working in the "unholy trinity" of the International Monetary ..full story.
Because it is important for me to communicate with someone else, frequently and enthusiastically.
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