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    Economics / banking, commercial real estate, loan losses, real estate, recovery /

    Looming Debt Crisis

    November 12, 2009

    Not to upset you or anything, but I thought I would draw your attention to a looming problem. Blame the Financial Times for this one because, although I have mentioned it here frequently, a guest column in this morning’s paper reminded me to mention the it again. This problem is the refinancing schedule of large […]

    Economics / bailouts, banking, bankruptcy, Goldman Sachs, rent seeking /

    Contingent Convertible Debt? A Quick Primer For Finance Jocks.

    November 12, 2009

    Just a quick addition to my comments so far this week: Just when you thought it was safe, out pops another miserable acronym. Finance is awash with silly names and jargon – those lawyers must be paid huge fees to think this stuff up. Today’s hot new acronym is ‘Co-Co’, as in contingent convertible bonds, […]

    Economics / jobs, unemployment /

    Modest Unemployment News

    November 12, 2009

    Thursday is the day each week when we get a glimpse at the trend in employment. The weekly data for new claims for unemployment assistance provides us with a general idea of what is going on in the job market. So today’s news that new claims dropped again, to 502,000, is a small but welcome […]

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