Tag: Markets
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Note: This is not investment advice. Martin Selig owes $800 million. He can’t pay. The major Seattle real estate developer is defaulting on a $379 million loan tied to 9 downtown office buildings, according to the Seattle Times. Selig has defaulted on several other large loans recently, totaling over $800…
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+ Business+ CRE, Finance, Interest rates, Investing, Investment, Markets, Money, Real estate, Stock Market, Stocks+
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“It was like 24,992 people making dough and 8 losing it.” On September 15 2008, Lehman Brothers filed for bankruptcy. It was the largest bankruptcy in American history at the time. Larry McDonald had a front row seat. In the book A Colossal Failure of Common Sense, the former Lehman…
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+ Banking, Economics, Economy, Finance, Investing, Lehman, Markets, Money, Stock Market, Venture Capital, Wall street+
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Note: This is not investment advice. Every day, my Vanguard account seems to hit a new all-time high. I’m loving it, but it also makes me worry — are we headed for a crash? A Tour of Indicators This morning, I looked at four valuation indicators for the US stock…
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I spent most of last week in Elizabethtown, Kentucky visiting my grandma. It’s a cute little town full of flowering trees — but you wouldn’t believe what it costs to live there! Killing some time in the Airbnb one night, I decided to pop onto Zillow. “These numbers can’t be…
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As skyscrapers stand empty, a crisis is brewing in commercial real estate. The amount of distressed CRE hit the highest level in 10 years, according to a new report from Bloomberg. The value of distressed US commercial real estate neared $80 billion in the third quarter, its highest level in…
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“‘It got to the point where I literally got sick to my stomach,’ she recalls. ‘Every day I got home and would think to myself, I helped set someone up for failure.’” The Greatest Trade Ever Karen Waheed, who worked at New Century Financial, was becoming increasingly worried about the…
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“A lot of real estate isn’t so good any more,” Munger said. “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There’s a lot of agony out there.” Berkshire Hathaway Vice Chairman Charles Munger has truly seen it all.…
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+ Business+ Berkshire Hathaway, Buffett, Commercial real estate, CRE, Finance, Investing, Markets, Money, Munger, Real estate, Stock Market, Stocks+
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Top executives dumped shares in First Republic bank this year, shortly before its near collapse and rescue. These sales were not part of pre-announced plans. Get the blog before anyone else…subscribe! From The Wall Street Journal: Top executives of First Republic Bank sold millions of dollars of company stock in…
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+ Banking, Banks, Finance, First Republic, First Republic Bank, Investing, Markets, Money, Startups, Stocks, Tech, Venture Capital+
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tl,dr: Get out of Credit Suisse. The Swiss bank is suffering severe stress today, with its stock and bond prices plummeting. Depositors and investors are questioning its ability to survive. Get the blog before anyone else…subscribe! The Swiss National Bank has pledged to offer liquidity to CS if necessary, per…
Tremendous 