-
-
Re: Real Estate Finance, not a nickle in sight...
Morgan Stanley have done their best to put a positive spin on it. If you where searching for any hope that green shoots are sprouting I would hazard a guess its not in this. Picture a thousand lemmings falling into the abyss.
No recovery in sight, no "dead cat bounce" and the banks look like they are in for a sustained period of real pain. (Page 5 and 6)
Yes its true that the credit markets have stabilized but the banks capacity to provide capital appears to be decreasing (page 1) followed lower down by "stocks responding positively to issuances at historically low prices" with the head kicker below it "What is dilution" - Ask a RIO investor over the next few years as earnings per share tank with a 21/40 dilution.
also see side column notes on page 6 - "The worst is yet to come" - paints a rosy picture of green fields, daisy chains and other mythical creatures from fairytales told in the great halls of power and mass media. Green shoots my ass
This is going to be a long long road back over many years
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
Join the discussion of today's events with a wide range of professionals with an interest in economics and finance. Register to join our 50,000 plus member registered community from 78 countries today.
Subscribe to iTulip Select for access to the longest running, deep, accurate, and unvarnished macro economic trends analysis and forecasting available, since 1998.
- If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Working...
Tweet
Comment