InnocentsAbroad

More CRE Mortgages Going Bad

Just a general thought -- rents should remain relatively robust in a modest inflationary environment. Especially given the leveling off of apartment construction. The data that I would think would be most valuable in evaluating commercial real estate prices would be occupancy levels. My worry is that occupancy data is not well stratified.

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

Incredible. According to Paulson and Bernanke, they don't want just the desperate to come to the auction. Am I missing something here ? Washington is crawling with lobbyists being paid $300 an hour to get a piece of the pie for their clients. Everyone wants in. The banks, the hedge funds, the Europeans. I'd be surprised if the Russians don't want in.