DUBAI (Reuters) - Nakheel, developer of palm-shaped islands off Dubai's coast, plans big investments in listed property firms in Asia, the United Kingdom and the United States as the credit crunch offers opportunities to snap up bargains.
http://www.reuters.com/article/GlobalRealEstate08/idUSL2536035420080625?pageNumber=1
I'm off on a bit of a tangent, but true by title... this property market looks on pretty loose foundations to me.
I know it doesn't rain much in Dubai, but struth, wouldn't one decent cyclone make a mess of these properties.
I'm off on a bit of a tangent, but true by title... this property market looks on pretty loose foundations to me.
I know it doesn't rain much in Dubai, but struth, wouldn't one decent cyclone make a mess of these properties.
http://www.bloomberg.com/apps/news?pid=20601057&sid=apWLC7H7m7CQ&refer=futures``I like the comment of diminished economic risk, because what it tells the markets is that they feel increasing confidence that the economy is bottoming,'' James Paulsen, chief investment strategist of Wells Capital Management, which oversees about $222 billion, said in an interview on Bloomberg Television. ``That's a good thing.
http://www.safehaven.com/article-10601.htmIn announcing "no change" in rates today, the Fed pretends that its policy is perfectly calibrated to deal with the current economy. In reality however, the Fed is pinned down by a cross fire of inflation and recession. They see their best move as keeping their heads down and hoping that they emerge unscathed. Perhaps Alan Greenspan's best move as Fed Chairman was getting out when he did.
The reality is that America is faced by stagflation, economic recession and financial inflation at the same time! Rank and file American investors are beginning to understand this. As a result, U.S. stock markets are looking decidedly nervous. The possibility exists for major falls in the months and years ahead. However, don't look for anyone on television to tell you this. They are too busy shaking their pom poms
Originally Posted by sassa
The reality is that America is faced by stagflation...
WASHINGTON (Reuters) - The economy grew at an upwardly revised 1.0 percent annual rate in the first three months of 2008, helped by stronger consumer spending and exports, a Commerce Department report showed on Thursday.
The department had estimated a month ago that gross domestic product, or GDP, grew at a 0.9 percent rate. GDP measures the total output of goods and services within U.S. borders.
Economists polled by Reuters had expected GDP to advance at a 1.0 percent pace. The figure was initially reported in April at an anemic 0.6 percent, fueling concerns that the U.S. economy may be slipping into recession.
Consumer spending, which accounts for more than two-thirds of national economic activity, rose by 1.1 percent in the quarter, a touch stronger than the 1.0 percent estimate given last month, helped by increases in medical care services. Despite the upward revision, consumer spending remained at the lowest level since the second quarter of 2001, which was during the last recession.
http://www.reuters.com/article/ousiv/idUSMAR64567120080626
I'm thinking of getting into 100% cash for the end of financial year -
....
Incidentally, does anyone know if the market typically follows a pattern at "new financial year"? up? down?
By Andrew Carswell June 26, 2008 07:17am
AN increase in investors selling shares to lock in tax losses will now ensure 2007-08 is the worst year for the Australian sharemarket in a quarter of a century.
It may be as annual as Easter, but the frenetic share sell-off on the eve of the new financial year has reached epic proportions, analysts say.
One has to dig back into the archives to 1981-82 to find a year that has surpassed the losses that have been incurred by investors in the past 12 months.
Yesterday's sharp plunge took the full-year losses to 15.2 per cent so far - a horror downturn for investors who had been quite used to year-on-year gains.
The previous financial year, investors reaped rewards when the market increased by 29 per cent.
CommSec economist Savanth Sebastian told The Daily Telegraph it was no surprise to see shareholders running for the exit before financial year's end.
Nor was he surprised at the vast number of those selling, given that a high percentage of shareholders would have experienced losses this year.
"The markets are about to draw to a close on the worst year in 26 years, so it is no surprise that we are seeing a lot of people locking in those tax losses to wipe out any gains, perhaps even gains in the property market.
"We've seen a lot of mum and dad investors buy blue chip stocks, particularly banks in recent time but banks have pulled right back, so there would be people selling to lock in losses and buying in the new year," he said.
"It is an annual event but it is more pronounced this year because the market has fallen 15 per cent."
PS This article will not have taken into account last nights oil price hike - adverse reaction in Wall St etc"So you may sell your underperforming shares and quickly get back in next year but selling off and not buying back in is probably criminal at this point," Mr Sebastian said.
It was a message reiterated by Colonial First State chief equities analyst Hans Kunnen, who urged investors to think long-term.
He also suggested it would be dangerous to sell out this week in a bid to lock in losses for tax benefits, and potentially miss the boat the following week
explod , howdyAnyway, there has been plenty of signs and warnings, so ASF members will be ok.
explod , howdy
but the bellboy keeps giving me all these great tips
All in all, it was a terrible, horrible, no good very bad day
The SPYs opened lower and continued to move down for the rest of the day. This is clearly a very bearish chart that does not bode well for the future
Full blown recession was never in my calculations.
http://www.bigpicture.typepad.com/Hard to argue with this:
"Nothing has been a more reliable indicator for an upcoming recession as the price of Oil. Every major bear market, every major economic decline has been preceded by a large spike in oil prices. The 73-74 recession, recession of beginning 80's and the recession of 2000. Oil prices jumped 80% between 1999 and 2000. Oil prices have been the most important indicator of major economic disasters. Whenever Oil prices rise about 80% from year ago levels, a fair chance does exist that a recession/bear market will follow."
mental note 2
might be good time to buy - just before EOFY
If the buy orders are all waiting for next Tuesday - why not get in first and buy Monday ?
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