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    Economics / capital flows, devaluation, dollar, exports, imports, trade balance /

    Trade and The Dollar

    November 13, 2009

    You all know that the dollar is steadily declining in value. It has been in a slow motion decline for years, but since March it has lost value at a slightly faster pace and has devalued about 16% since then. If this keeps up we will be headed into a full blown currency storm which […]

    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, […]

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