Go buy a new Miami condo before the Greeks with sneakers snap them all up. They cost $350 per foot to build and you can get them for around $65...
The issue is not layoffs. Of course layoffs decline; just like when you pour water out of a jug. The issue is new hires, new job formation; that...
I agree with Indq, and reitierate that you need a professional to help you. The opportunity in this market is buy property that is usually...
Depending on local law and practice, you can present a back up offer on an all cash basis that the seller may prefer. You really should get some...
The main thing to understand about real estate is that it is all local, each house, condo, coop, neighborhood, state, city and price range is...
Morganist, Sorry, I was a bit tough. You deserve credit for having an opinion that you put out there, even if I couldn't disagree more with what...
Morganist, any time you change the terms of debt contract you create a default, even if the lender agrees to modify the original. It should be...
Agreed, Ireland is not inslovent. I shouldn't have implied it was. Didn't mean to imply that Greeks are not responsible for thier predicament....
Intradaybill, yes I meant to write 'appreciated' not 'depreciated;' I had deflation on my mind. Lets hope the Greek Unions don't figure out...
South Korea had a productive industrial base that suffered from its link to the dollar during a time when the dollar was depreciating...increasing...
If Greece remains in the EMU it cannot devalue. Even if they withdrew from the EMU and reintroduced the Drachma at a devalued rate they would not...
I am sorry but there is no good solution. Greece borrowed too much money at German rates and they squandered it. Greece has done nothing for...
He is an Economics professor at Yale.
The way I look at it is that they are already in default and they will soon have the economic profile of Iceland. The austerity prescription will...
A soveriegn is insolvent when it can't raise money on its own in a public debt auction that it can afford to maintain; when it can't raise the...
Why wouldn't you just manipulate the leverage ratio through the existing powers of the Central Bank over the banking system a la Gaenkoplos...
On the issue of solvency and liquidity...didn't you all notice that the Greeks can't roll over and maintain thier current level of debt at any...
Thanks, your responses were very helpful to me and I understand where you are coming from much better now. Unfortunately that understanding leads...
The silly young or otherwise inexcusibly stupid green fascists who amazingly believe we should burn what we eat will end up cutting down more...
Scriabinop23, with regard to printing money, just to be very clear, you and I both know that there is no real printing going on, what we are...
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