Tag Archive for PBOC

Real Holiday Gift From China?

I’m sure you have holiday shopping to do, so I’ll keep this short. You gotta love articles warning of further market downside after a 15% drop.  When reading this Bloomberg article on gold, I just want to yell, “Where were…

They Listened!!

  I have it on good authority that a major global financial titan read my last blog entry -  you know, the one warning about decreasing dollar liquidity – and I can only assume he told his friends.  After reading…

Deciphering The Meaning

There’s a lot going on, so I’ll quickly go through a couple different things. But, not before some grandiose references to antiquity. Egypt: As I write this note, the talking heads of western media seem to generally agree that Mubarak’s…

What’s Greece’s Connection to CRE?

Answer: LIBOR Wikipedia’s definition of LIBOR: “The London Interbank Offered Rate (or LIBOR, pronounced /ˈlaɪbɔr/) is a daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank market).”…

Will the Discount Rate Hike affect CRE?

It’s been four full business days since the Fed announced a 25bps hike in the discount rate.  After a knee-jerk down, equities seemed to have basically yawned, until yesterday.  Interestingly, 10 year treasury yields rose after the announcement, held for…