I recently read in the Wall Street Journal that the amount of debt owed by U.S. corporations as of the end of the third quarter is a staggering $8.4 trillion, up $136 billion from the second quarter and nearly half a trillion dollars more than a year earlier. Due primarily to the QE3 policy that has kept borrowing rates low, most of this increased borrowing by corporations has come in the form of corporate bonds. So where, you ask, is the money going? Continue reading
Category Archives: Distressed Assets
This week’s perspective is provided by Jim O’Connell:
ONCE IN A LIFETIME OPPORTUNITY?
For all of you stable, low risk investment property guys this piece isn’t really something for you. These thoughts are for those of you who have been waiting for the opportunity to buy all that commercial real estate, that has its fair share of risk, at prices that are falling into the “no brainer” category.
This week our team worked on three more properties that were offered and sold via the on-line auction process. And although I don’t know if the vehicle really makes that much difference, the point is that distressed real estate is finally being transacted at increasing volumes. And I’m not talking about the really broken stuff that needs to be torn down and forgotten, I’m talking about decent and even good product that has fallen into a crack somehow and needs to be sold for one reason or another to give it new life. Continue reading
WASHINGTON — The U.S. economy grew much faster in the third quarter than first estimated, but the latest government report laid bare the vulnerabilities for the recovery as politicians struggle to break the stalemate over government spending and tax policies. Continue reading
BUDGET & TAX POLICY
Opening Round of Fiscal Cliff Talks Deemed “Constructive”; Negotiations Set to Resume After Thanksgiving
CAPITAL & CREDIT
Senate Banking Committee Holds Hearing on Basel III; Roundtable, Coalition Partners Warn of Basel’s Unintended Consequences, Impacts on “Main Street” Businesses Continue reading
That’s the current U.S. debt and it’s near the ceiling. Will it unsettle the markets?
Fidelity.com – Editors’ note: The editors of Fidelity Interactive Content Services (FICS) selected this article for its insights into what makes diversification an effective investing strategy. WRITTEN BY KARTHIK RAMANATHAN, SVP, DIRECTOR OF BONDS, FIDELITY VIEWPOINTS
At the close of business on August 31, 2012, the United States broke a record that had nothing to do with the London 2012 Olympics: The country’s total outstanding public debt closed above $16 trillion.1,2 In addition, with 2012 U.S. gross domestic product estimated to be $15.7 trillion,3 the country’s debt-to-GDP ratio crossed the closely watched 100% frontier for the first time since the 1940s.4 Continue reading
The U.S. real estate recovery that’s gained strength this year faces a setback from flooding and property damage inflicted by Hurricane Sandy, the biggest tropical gale to hit the Atlantic seaboard. Continue reading
This weeks perspective is provided by Mike Sullivan:
I just returned from the Cassidy Turley Leadership Conference held in Carlsbad, California. The format was similar to past conferences with inspirational keynote speakers, educational break-out sessions, practice group roundtables and an awards dinner. And of course the obligatory planned and impromptu cocktails. Let’s face it — most of the real value in these conferences occurs during these social gatherings. However, I found one traditional session to be extremely informative and insightful. Continue reading