Investors Turn a Blind Eye to Commercial Real Estate Troubles

The Dow passes the 9,000 mark for the first time since January this week. The stock market’s big rally was fueled by optimistic Investors who are now firm in the belief that the worst financial crisis in 70 years is finally over and the recession that it spawned will soon fade away. The report of [...]

Employment Report Lands with a Thud

Thud! That was the sound of January’s dismal payroll number as it landed in the collective face of overly
optimistic Wall Street economists early Friday morning.
Non-farm payrolls contracted by 17,000 last month, marking the first decline since the summer of 2003. The “thud” that was heard around the world’s trading salons was the result of reality [...]

Uncle Sam’s Credit Brothel- by Greg Strid

The Fed to the Rescue!

Captain Ben, our rather green Federal Reserve Chairman, rode on his magnificent white pony named “Liquidity’ to rescue the panicking financiers on Wall Street, and, to be more accurate, the gambling dens, pits and crevices the world over. He valiantly slashed the discount rate – the rate charged by the Fed  to member banks for [...]