REIT’s hit the skids

by | Feb 26, 2009 | Commentary

photo credit: chauromano Ahh the Age beats us to the story! Australian Real Estate Investment Trusts are down 73% year on year. Michael West covers this in Property Not So Safe After All One of the “leading lights” of the sector, Goodman Group, handed down...

EU membership = speculative magnet

by | Feb 25, 2009 | Commentary

photo credit: pgpdesign (paul) The trend continues. EU membership comes concomitant with lower foreign investment rules, bringing a wave of speculation in real estate as rent seekers invest early to sit and wait until marginal rents bump up to the European average. Is...

Hudson: Finance Capitalism Hits a Wall

by | Feb 19, 2009 | Commentary

photo credit: woodleywonderworks The Oligarchs’ Escape Plan – at the Treasury’s Expense By Prof. Michael Hudson see the original article and the growing list of comments on Information Clearinghouse The financial “wealth creation” game is over. Economies emerged from...