An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:7:29
Real Estate Bubbles and California’s Economic Growth, Part 3
Real Estate Bubbles and California’s Economic Growth, Part 2
An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
Duration : 0:7:58
Goldman Sachs = Neo-Slavery = Government
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Just about everyone has heard of Goldman Sachs. Few, until recently, had heard of Mike Morgan, a Florida-based investment adviser, just recovered from heart surgery. Over the past few months, Morgan has become one of those shooting stars of cyberspace. He set up a blog, goldmansachs666.com , whose posts have included “Does Goldman Sachs run the world?” and “If Goldman Sachs robbed your house, what would you do?”.
Aggrieved at being traduced under the devil’s sign, the American investment bank ordered Morgan to take down his site. He refused. A legal spat ensued.
Now, the site appears with the following disclaimer: “This website has not been approved by Goldman Sachs. This website was designed to provide information about Goldman Sachs to demonstrate [in Mr Morgan's view] how destructive this company is to our lives and the hopes and dreams of our children.”
Few companies generate such vitriol. But sometimes you wonder if Goldman doesn’t actually want to be hated. Just look at this week’s humdinger. Fresh from repaying $10 billion (£6 billion) of rescue funding from the American taxpayer, and amid the biggest economic crisis since the 1930s, Goldman turned in record second-quarter earnings of $3.44 billion a 65 per cent rise year-on-year.
That’s only half of it, though. The upshot of these monster earnings is that Goldman’s 29,400 staff are set to rake it in as never before. As if the credit crunch had never happened, the Goldmanites are on course this year for average pay, bonus and benefit packages of an eye-watering $770,000 per head. That’s almost twice what President Obama earns
Top of the list is its former chief executive, Henry Paulson, the man who was George Bush’s last Treasury Secretary and the architect of the Wall Street bank bail-out. Paulson was only following form. Another Goldmanite, Robert Rubin, was Treasury Secretary under Bill Clinton.
Paulson, it is widely known, could not stand Dick Fuld, the former boss of Lehman Brothers. So, the conspiracy theory goes, Paulson was happy to let Lehman go to the wall the one major bank that America declined to rescue. Even so, it stretches it a lot to say that allowing Lehman to collapse was all part of a grand design to help Goldman.
As one Wall Street banker puts it: “Lehman almost brought down the entire financial system, forcing Goldman to go cap in hand to the Treasury for $10 billion of Tarp funds” the bail-out under the US government’s Troubled Assets Relief Programme. “If Paulson had been trying to help his old bank, he would have let Bear go rather than Lehman.”
Two controversies feed the conspiracy theories. First, after Lehman fell, Goldman and the remaining US investment banks found it impossible to finance their businesses. So, the US government allowed chief executive Lloyd Blankfein to turn Goldman into a bank holding company, regulated by the US Federal Reserve a move also followed by Morgan Stanley. This enabled Goldman, which was now constituted as a commercial bank, to gain access to fresh and cheap funding from the Fed.
http://www.telegraph.co.uk/finance/5837373/Just-how-did-Goldman-Sachs-manage-that.html
Duration : 0:9:21
Kerslake Sees Insurers Investing in U.K. Rental Homes
Feb. 26 (Bloomberg) — Bob Kerslake, chief executive officer of Britain’s Homes and Communities Agency, talks about the prospects for insurers and pension funds that invest in the U.K. rental home market.
Kerslake also discusses how the lack of housing supply will drive growth in rentals over the next few years. He speaks with Bloomberg’s Andrea Catherwood.
Duration : 0:4:20
CME’s Donohue Sees Opportunities in Real Estate, `Green’: Video
Feb. 17 (Bloomberg) — Craig Donohue, chief executive officer of CME Group Inc., talks with Bloombergs Erik Schatzker about growth opportunities in real estate and “green” products.
Donohue also discusses the outlook for investing in emerging markets, the potential opportunities in over-the-counter derivatives and the prospects of future mergers and acquisitions. (Source: Bloomberg)
Duration : 0:4:35
McBama, Financial Planners, Realtors, and Santa Clause
Financial times article noted on the video
http://www.ft.com/cms/s/0/232eb4de-9e20-11dd-bdde-000077b07658.html?nclick_check=1
big rally, but no one really believes it, got volume?
http://www.marketwatch.com/news/story/Sustained-rally-needs-higher-trading/story.aspx?guid=%7B8650CDE9%2D00A6%2D4858%2D95A2%2D7D538DF3C979%7D
Markets will close down
http://business.timesonline.co.uk/tol/business/economics/article5014463.ece
the new deal 2
http://www.bostonherald.com/business/general/view/2008_10_25_John_Kerry_wants_New_Deal_II:_Backs_big_fed_stimulus/
mass layoffs high
http://money.cnn.com/2008/10/22/news/economy/mass_layoffs/index.htm?postversion=2008102213
Avoid the zombies, Jim Rogers
http://money.cnn.com/2008/10/22/news/economy/mass_layoffs/index.htm?postversion=2008102213
The joke of the day, Treasury says U.S. recover in summer of 2009 LOL same exact thing they said this time last year.
http://www.cnbc.com/id/27316652
vote out the bail out guys
http://whovotedyes.com/
Housing bottom? Think again, foreclosures up 71%
http://www.msnbc.msn.com/id/27329406
Peter Schiff on inflation/deflation
watch?v=R8STuvRHPfI&feature=related
Shadowstats.com 13% inflation, 15% unemployment, GDP 3..75%
Duration : 0:17:12
Townsend Says Vietnam Land Prices May Keep Surging: Video
Feb. 5 (Bloomberg) — Marc Townsend, managing director of CB Richard Ellis Group Inc.s Vietnam unit, talks with Bloomberg’s Haslinda Amin about the outlook for the nation’s property market. (Source: Bloomberg)
Duration : 0:6:51
Digital Realty Trust Inc. (DLR)
Digital Realty Trust Inc. (DLR) can get your pants off.
Duration : 0:2:59
Barry Sternlicht Sees Opportunity in Residential Land: Video
Jan. 28 (Bloomberg) — Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, talks with Bloomberg’s Erik Schatzker about investment opportunities in the real estate market.
Sternlicht also discusses President Barack Obama’s tax plan for large banks, the Federal Reserve’s plan to end its mortgage-backed securities purchase plan and monetary policy. They speak at the World Economic Forum in Davos, Switzerland. (Source: Bloomberg)
Duration : 0:4:17
Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.
If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.
Prepare yourself and protect your family from this coming economic catastrophe.
PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:
Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:
Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….
Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:7:54