30 Jun, 2011, Warsaw
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
Thursday, June 30, 2011
NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
30 Jun, 2011, Warsaw
New York, NY – In a major leasing transaction that provides one of the city’s iconic midtown office properties with a dynamic new anchor tenant, Nomura Holding America Inc., the U.S subsidiary of Tokyo-based Nomura Holdings, Inc., has leased over 900,000 square feet of space at Worldwide Plaza for its Americas headquarters.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
30 Jun, 2011, Warsaw
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p
Tuesday, June 28, 2011
WSJ: Declines in Home Prices Ease
HOMES|JUNE 29, 2011
WSJ: Declines in Home Prices Ease
By NICK TIMIRAOS And S. MITRA KALITA
Home prices slowed their pace of decline in April, feeding hope that housing is near a bottom. But tens of thousands of foreclosures and faltering consumer confidence are expected to leave markets bumping near their current level for the rest of the year.
WSJ: Declines in Home Prices Ease
By NICK TIMIRAOS And S. MITRA KALITA
Home prices slowed their pace of decline in April, feeding hope that housing is near a bottom. But tens of thousands of foreclosures and faltering consumer confidence are expected to leave markets bumping near their current level for the rest of the year.
WSJ: China Risks Being Next Property-Bubble Blow Up
REAL ESTATE|JUNE 27, 2011
WSJ: China Risks Being Next Property-Bubble Blow Up
BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.
WSJ: China Risks Being Next Property-Bubble Blow Up
BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.
CNNMoney: Greece austerity: Cure or poison?
CNNMoney: Greece austerity: Cure or poison?
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET
NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.
Monday, June 27, 2011
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM
Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".
Money shortage (Andy Xie)
Money shortage
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Andy Xie, The New Century Weekly
Summary
The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT
(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
Related News: Europe, Italy, Funds, Finance, Insurance, Economy
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900
Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
Related News: Real Estate, US
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Finance·Money, Marc Faber
I suppose the world will always develop but that we will always have periods where we have wars and tremendous wealth destruction, or where we have plague and where the population shrinks. I am optimistic about certain issues and pessimistic about others.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
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