but this should be nailed down firmly is some sort of statistical definition somewhere. I'll keep my eyes pealed (i.e. U.S. Chamber of Commerce, Fed, BLS and so on). I'm going to post this as a Q on CR too.
in it's treatment and attitude towards employees, workers of the industrialized nations. I could be wrong but finding a labor rights/treatment index, including frequency of layoffs, age discrimination and so forth would be nice.
I actually lived abroad and traveled a lot and I never say anything like the absolute disdain I see every day towards the U.S. worker (and often coming from other workers, never mind employers attitudes).
1) Existing Home Sales - single family, condos & coops
2) Multi-family dwelling included in CRE is based on my experience as being former real estate attorney and if you look at the National Multi-Family Housing Council website they track 5 or more units plus this information is included in Multi-family Information Transaction Service (MITS). MITS is the information that various CRE index track for multi-family.
for I went looking for classification of CRE vs. residential for rental props and found by loan type and not by units. Do you have the official stats classification somewhere on what precisely counts as CRE vs. Residential? That would be damn useful actually...didn't dawn on me to see what exactly the classification metrics are by the official data counts. (duh, like who is counted as employed, this might affect perspectives on real estate stats!)
about negative equity except in pocket regions. What I'm wondering is if the price crash simply is delayed in the West. How long can home prices stay that high when the unemployment rate is highest in the West? Yes, I know CA, AZ have had major drops, in some areas 50%, but look at the median, it's like it's pocketed and certain areas haven't dropped hardly at all.
The state I'm thinking this is most obvious in is Oregon.
Max high unemployment rate. Seems like only "California Bend", one city in Oregon which was CA buying up homes, major bubble, has burst in comparison to the rest of the country.
where the more exotic mortgages took place they were in California, Nevada and Arizona. This was the epicenter for free wheeling mortgage debacle. Lenders knew that people couldn't afford the homes based strictly on income - instead the borrowed based on property value.
I did a back of envelope calculation based some very conservative assumptions and a huge 'negative equity' problem still exists in the West.
That's just the most incredible spin on Earth. Just like trade, there is nothing which shows the markets are "free" by the theory. Then, by psychology, man's exploitation of their fellow man, without laws, regulations, social justice, structures has been proven, over and over, though out time.
It's got to be one of the most absurd media spins of the last 30 years.
Rebel, midtowng told me he's under the gun, started going back to school so we need more writing on EP. If you are of a mind, or know of exceptional econ writers (not political per say but economics) invite them over to write. If you notice I'm doing almost all of the writing lately and I cannot cover everything as it should. Same with manfrommiddletown, he's in school as well and they are having to put off writing due to coursework.
and neo-liberalism. The economic polices of neo-liberalism give a rat's ass about human suffering. Imagine if neo-liberals had their way we won't have unemployment insurance, social security or medicare. We would not have the meager safety net we have now.
Markets are far from perfect (same can be said of government) since they are create by imperfect humans and imperfect humans operate in them. Contrary to what neo-liberals preach, markets are NOT self-equilibrating as we have found out during this crisis. Much of neo-liberal doctrine has been proven false and until policy makers realize this the lower and middle class families will continue to suffer.
I love all the media defenders of poor wall street and the poor banks. These corps have absolutely nothing to do with the health of the country. Thats milk toast spoon fed to us.
Walmart stock is up this AM on news that Sams Club is laying off 11,200 employees.
Whats good for Wall Street is BAD for Main Street.
There are plenty of arguments otherwise and each one is another spoonful of milk toast.
Did Oracle stock go down when Ellison gave himself a $570 million dollar payday?
Here I thought that once Christopher Cox was no longer leading the SEC we could get part of our government back. But Mary Shapiro and the Democratic elite are just as beholden to Wall Street as Republicans like Bush and Cox. What are the American people to do when both parties are ruled by Wall Street?
This combining of corporate and government power against the will of the people is not democracy - it is fascism.
I agree with that but the problem is we cannot get any meaningful policy even proposed, never mind passed on derivatives, which I see kind of separate from the idea of breaking up the big banks. I mean it's Swiss cheese out of the house and it's clear the Senate bill is just undies blowing in the wind on any derivatives regulation.
Notice Simon Johnson also thinks this is PR, which shows to me how badly Obama has 'blow it' in terms of any credibility.
I'm really wondering if Bernanke will be confirmed. Today there seems to be mass PR blow back that "of course he will"....I'm keeping a vote tally in the Instapopulist sure doesn't look guaranteed to me.
That if they are running hedge funds, their access to the Discount Window be curbed. Why should savers be "taxed" (via artificially depressed interest rates) so the bastards can get even richer? Perhaps the Fed could publish a list of banks (I can't really think of Goldman Sachs as a bank that shoould be able to borrow from savers against their interest), and impose a higher discount rate for those runing hedge finds.
but this should be nailed down firmly is some sort of statistical definition somewhere. I'll keep my eyes pealed (i.e. U.S. Chamber of Commerce, Fed, BLS and so on). I'm going to post this as a Q on CR too.
in it's treatment and attitude towards employees, workers of the industrialized nations. I could be wrong but finding a labor rights/treatment index, including frequency of layoffs, age discrimination and so forth would be nice.
I actually lived abroad and traveled a lot and I never say anything like the absolute disdain I see every day towards the U.S. worker (and often coming from other workers, never mind employers attitudes).
1) Existing Home Sales - single family, condos & coops
2) Multi-family dwelling included in CRE is based on my experience as being former real estate attorney and if you look at the National Multi-Family Housing Council website they track 5 or more units plus this information is included in Multi-family Information Transaction Service (MITS). MITS is the information that various CRE index track for multi-family.
RebelCapitalist.com - Financial Information for the Rest of Us.
Still deep in a 20 year recession they recently peaked unemployment there at something like 6.5% - its a record for them.
The people running companies there have a sense of community that has never and will never exist here.
for I went looking for classification of CRE vs. residential for rental props and found by loan type and not by units. Do you have the official stats classification somewhere on what precisely counts as CRE vs. Residential? That would be damn useful actually...didn't dawn on me to see what exactly the classification metrics are by the official data counts. (duh, like who is counted as employed, this might affect perspectives on real estate stats!)
Typically 5+ units means multi-family dwelling that falls under CRE.
RebelCapitalist.com - Financial Information for the Rest of Us.
but it's very unclear where the classification line is drawn on residential vs. CRE. Seems to be the loan type.
I guess a better question is how much of residential is investment and/or rental, what's the percentage, esp. for the West.
I went looking for this stat, couldn't find it.
a fewer unit apartment such as duplexes.
RebelCapitalist.com - Financial Information for the Rest of Us.
land use, zoning is often cited but I think something else is happening. I thought rentals are classified as CRE, not residential.
Maybe this has to do with more investors than anything. West is still very attractive rental market.
RebelCapitalist.com - Financial Information for the Rest of Us.
about negative equity except in pocket regions. What I'm wondering is if the price crash simply is delayed in the West. How long can home prices stay that high when the unemployment rate is highest in the West? Yes, I know CA, AZ have had major drops, in some areas 50%, but look at the median, it's like it's pocketed and certain areas haven't dropped hardly at all.
The state I'm thinking this is most obvious in is Oregon.
Max high unemployment rate. Seems like only "California Bend", one city in Oregon which was CA buying up homes, major bubble, has burst in comparison to the rest of the country.
where the more exotic mortgages took place they were in California, Nevada and Arizona. This was the epicenter for free wheeling mortgage debacle. Lenders knew that people couldn't afford the homes based strictly on income - instead the borrowed based on property value.
I did a back of envelope calculation based some very conservative assumptions and a huge 'negative equity' problem still exists in the West.
RebelCapitalist.com - Financial Information for the Rest of Us.
That's just the most incredible spin on Earth. Just like trade, there is nothing which shows the markets are "free" by the theory. Then, by psychology, man's exploitation of their fellow man, without laws, regulations, social justice, structures has been proven, over and over, though out time.
It's got to be one of the most absurd media spins of the last 30 years.
Rebel, midtowng told me he's under the gun, started going back to school so we need more writing on EP. If you are of a mind, or know of exceptional econ writers (not political per say but economics) invite them over to write. If you notice I'm doing almost all of the writing lately and I cannot cover everything as it should. Same with manfrommiddletown, he's in school as well and they are having to put off writing due to coursework.
and neo-liberalism. The economic polices of neo-liberalism give a rat's ass about human suffering. Imagine if neo-liberals had their way we won't have unemployment insurance, social security or medicare. We would not have the meager safety net we have now.
Markets are far from perfect (same can be said of government) since they are create by imperfect humans and imperfect humans operate in them. Contrary to what neo-liberals preach, markets are NOT self-equilibrating as we have found out during this crisis. Much of neo-liberal doctrine has been proven false and until policy makers realize this the lower and middle class families will continue to suffer.
RebelCapitalist.com - Financial Information for the Rest of Us.
is nothing new. They lay off thousands, the stock price soars.
I think what is new are sites like this one and more and more people becoming aware and educated about what is happening financially and economically.
This has always been the case. Its just that we are more attuned to it because of the bailouts.
RebelCapitalist.com - Financial Information for the Rest of Us.
I love all the media defenders of poor wall street and the poor banks. These corps have absolutely nothing to do with the health of the country. Thats milk toast spoon fed to us.
Walmart stock is up this AM on news that Sams Club is laying off 11,200 employees.
Whats good for Wall Street is BAD for Main Street.
There are plenty of arguments otherwise and each one is another spoonful of milk toast.
Did Oracle stock go down when Ellison gave himself a $570 million dollar payday?
Here I thought that once Christopher Cox was no longer leading the SEC we could get part of our government back. But Mary Shapiro and the Democratic elite are just as beholden to Wall Street as Republicans like Bush and Cox. What are the American people to do when both parties are ruled by Wall Street?
This combining of corporate and government power against the will of the people is not democracy - it is fascism.
I agree with that but the problem is we cannot get any meaningful policy even proposed, never mind passed on derivatives, which I see kind of separate from the idea of breaking up the big banks. I mean it's Swiss cheese out of the house and it's clear the Senate bill is just undies blowing in the wind on any derivatives regulation.
Notice Simon Johnson also thinks this is PR, which shows to me how badly Obama has 'blow it' in terms of any credibility.
I'm really wondering if Bernanke will be confirmed. Today there seems to be mass PR blow back that "of course he will"....I'm keeping a vote tally in the Instapopulist sure doesn't look guaranteed to me.
That if they are running hedge funds, their access to the Discount Window be curbed. Why should savers be "taxed" (via artificially depressed interest rates) so the bastards can get even richer? Perhaps the Fed could publish a list of banks (I can't really think of Goldman Sachs as a bank that shoould be able to borrow from savers against their interest), and impose a higher discount rate for those runing hedge finds.
Frank T.
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