Tag: PBOC

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…

Election Cycle Nonsense Can Hurt Real Estate

When I look at the Senate Race map, I see why there’s suddenly a renewed focus on Chinese currency policy.  At its core, this focus on the relative value of the Yuan is about a couple contiguous states: Illinois, Indiana,…

China Letting the Yuan Appreciate Will Have an Impact on Commercial Real Estate

China’s decision to let the Yuan appreciate is a drain on global liquidity.While various legislative elements and the treasury have aggressively pushed China to revalue the Yuan, the Federal reserve has indicated that rates will stay low for a while.Unfortunately…

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).”…

What’s That Got to Do with the Price of Eggs?

There is, actually, an interesting ‘etymology’ to that idiom; if you like to believe what they say on Wikipedia anyway.  One of the versions is, “What’s that got to do with the price of tea in China?”  If the subject…

Microblogging – 3 Topics, 3 Mini-Blogs

Three articles and three mini blogs: 1) “Public Pension Funds Are Adding Risk to Raise Returns” Uh, What?!  Raising risk to raise returns!?  That’s like losing at the $25 black-jack table and then trying to make your money back buying…

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…