Let Detroit Go Bankrupt
20/11/08 12:41 Filed in: Economics
An Opt-Ed article by Mitt
Romney in the NY Times.
http://www.nytimes.com/2008/11/19/opinion/19romney.html
A conversation that the nation should have before any money is put into the auto industry. Change and the pain that comes with pain is normal. Mitt is spot on with his advice. While the final solution might be different from what Mitt is suggesting the full range needs to be considered.
In Europe GM and Ford produce a number of cars that are economical to run and which sell well. Some of that thinking and the ability to lead rather than just follow the short term demand trends is what will be needed. If Toyota, Honda, Nissan and others can produce in the US and stay competitive then the Big Three need to take a serious look in the mirror.
As a real estate investor a major shift in the auto industry will produce opportunities. The rust best is called the rust belt for a reason. The economics of the RE markets there are far different from on the coasts and in the high tech centers. Strategies for RE investors need to adjust to the macro economic environment.
http://www.nytimes.com/2008/11/19/opinion/19romney.html
A conversation that the nation should have before any money is put into the auto industry. Change and the pain that comes with pain is normal. Mitt is spot on with his advice. While the final solution might be different from what Mitt is suggesting the full range needs to be considered.
In Europe GM and Ford produce a number of cars that are economical to run and which sell well. Some of that thinking and the ability to lead rather than just follow the short term demand trends is what will be needed. If Toyota, Honda, Nissan and others can produce in the US and stay competitive then the Big Three need to take a serious look in the mirror.
As a real estate investor a major shift in the auto industry will produce opportunities. The rust best is called the rust belt for a reason. The economics of the RE markets there are far different from on the coasts and in the high tech centers. Strategies for RE investors need to adjust to the macro economic environment.
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Back to work
01/09/08 21:07 Filed in: Technology
September marks the back to work season in Europe. Time
for me to spruce up the blog and learn how the newest
version of RapidWeaver (v 4.1) works. Expects some
changes this month and quite a few more posts while I
catch up on some past topics I have been meaning to
share. Read
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How a Recession Works
03/06/08 10:40 Filed in: Economics
Does this sound like what RE investors do?
03/06/08 09:44 Filed in: Real
Estate
Other People's Money -
OPM. The key to success for real estate investors. Also
the source of some of the problems in the worldwide
finance sector. Read
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Fail to pay your mortgage in CA? Jail awaits you
Despite objections from
consumer advocates, in the last two weeks California
judge Jed Clampbet has sent 142 delinquent homeowners
to state prison for up to three years each, for failing
to honor their home mortgage obligations.
Read
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Fed Economist Questions Home Equity-Spending Link
Federal Reserve Bank of New York economist
Charles Steindel questioned
the magnitude of declining housing equity’s effect on
consumer spending. Read
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The Federal Housing Finance Regulatory Reform Act of 2008
30/05/08 14:52 Filed in: Regulatory
| US
Efforts
to help stem the foreclosure crisis while to reforming
regulations specific to Fannie Mae, Freddie Mac and the
Federal Home Loan Bank system Read
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What does it mean? DOJ and National Association of Realtors settle lawsuit
On
May 27, 2008, NAR and the U.S. Department of Justice
reached a favorable settlement, concluding a two-year
DOJ investigation concerning the MLS.
Read
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No crash in the US according to Goldman Sachs
22/05/08 12:07 Filed in: Real
Estate
Goldman Sachs publishes a study that shows the US has
not had a property crash so far. Read
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3G iPhone in June?
Is it time for the next generation iPhone? 3G support
and more countries. Anything else? Steve rarely lets
the full story out before an announcement. Read
More...
