Light Posting Week
Sorry guys, but postings will be light for a week or two. I'm in the process of trying to fix & enhance the charting system and train a new buy/sell side consulting team for my business. The new buy side consulting page will be activated in coming weeks or so once the team is ready. Any free time that I do have is going towards servicing buyer & seller clients in the field. I'll try to post updates when I can, but chances are it will be light until I'm done with these two projects.
In meantime, here are daily reads for all you macro/nyc real estate junkies:
Mish
Big Picture
Calculated Risk
True Gotham
Curbed
Accrued Interest
Naked Capitalism
Inman News
Interfluidity
Matrix
WSJ Real Time Economics
Streeteasy Discussions
The Real Deal
Posted by jg
Mon Apr 14th, 2008 05:26 PM
what kind of crap is this! how am I supposed to know where the market is going for the next 2 weeks? This is not right Noah!
Posted by jg
Mon Apr 14th, 2008 05:28 PM
just kidding! Thanks for this site and I'll certainly be looking forward to seeing the improved charts. It would be nice to have a more real time tool to see what is really going on out there.
Posted by Noah
Mon Apr 14th, 2008 05:53 PM
ha, thanks JG!!! Charts should be able to get fixed in coming days, but the updated system will take about 2 weeks. Hopefully its worth the wait!
Noah
Posted by jeff
Tue Apr 15th, 2008 12:49 PM
It is pretty amazing what's going on in the real world out there. The food strikes and protests are downright scary....and the fact that they blame the U.S. for diverting corn to ethanol (the biggest waste of food and energy ever seen). What seems strangest to me is that while we are seeing the signs of slowdown, not only in the U.S. economy, but now in European and Asian economies, and we are seeing various property and stock market bubbles being deflated, we have not seen a sharp enough downturn to impact the various commodity squeezes going on. It's really hard to get people to stop consuming, even when they don't have a lot of spare disposable income. Additionally, supply chains around the world are so efficient, that there has been little in the way of excess inventories to cause a real back-up in supply chains and slowdown in business operating rates. It seems more likely that business operating rates and consumer spending are just going to augur in slowly due to overleveraged and under employed people. Eventually this should put the lid back on some of these prices....but there's little sign of it now. I agree with you Noah, that the Fed is out of options, can't lower rates much (they'll be getting close to zero anyway) and it isn't helping make credit more available, and they can't raise rates much for fear of killing a wounded patient. The only thing that's gonna help this mess is time, lots of it.