| To: mishedlo who wrote (26287) | 3/25/2005 6:16:00 AM | | From: redfish | | | | The seemingly inevitable how-to guide inspired by Donald Trump - "Trump Strategies for Real Estate" (John Wiley & Sons) by George Ross, one of Mr. Trump's assistants on his hit show "The Apprentice" - is a strong seller, already hitting No. 177 on Amazon.com's list in March, less than a month after its release.
At the Nexus party in Brooklyn, Steve Nguyen, Ms. Romano's fiancé, said he was heeding Mr. Trump's advice. "He says buy, buy, buy," Dr. Nguyen said.
Trump is building a 55 story condo in downtown Tampa that won't be completed for another two years, proving that talking your book isn't limited to stock market gurus. |
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| To: mishedlo who wrote (26287) | 3/25/2005 7:07:47 AM | | From: MoneyPenny | | | | I live in this fantasy land. SW Florida seems to believe that we are immune from any financial difficulty. I have a friend that is positive that real estate values will appreciate 20% a year for the next 10 years as Baby Boomers move to Florida.
I say that if that many people move here, it will be a highly undesirable place to live. I thought the hurricanes that hit last season would dampen this raw enthusiasm. Not so. In Punta Gorda, the hardest hit by hurricanes, people are lining up to buy new development hoping for a 100% appreciation in two years. I think the realtors spike their coffee.
Highrise condo development in the backward Fort Myers is selling out pre-development with about 90% investors/10% actual buyers. I think this is a recipe for disaster and perhaps an opportunity for me to buy a nice penthouse in a few years.
I stand in amazement but I am enjoying the amazing increase in my interior design business. I have never seen anything like it in my long career (37 years).
MP |
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| To: MoneyPenny who wrote (26301) | 3/25/2005 8:05:45 AM | | From: JakeStraw | | | | | I go down to Sanibel Island like 4 times a year and am still amazed by all the building in the Ft. Myers area. I honestly don't see it slowing down anytime soon... |
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| To: mishedlo who wrote (26298) | 3/25/2005 8:47:13 AM | | From: Haim R. Branisteanu | | | | Traders are increasing bets on the extent to which U.S. rates will rise. Eurodollar futures contracts show traders and investors expect the Fed to raise its benchmark rate to at least 4 percent by the end of 2005, from 2.75 percent, after the central bank on March 23 noted ``pressures on inflation have picked up.''
The December Eurodollar futures contract yielded 4.305 percent today, up from 3.905 percent a month ago. It settles at a three-month lending rate that has averaged about 0.21 percentage point higher than the Fed's target rate in the past 10 years.
`Take a Break'
Gains in the dollar may be limited by speculation the rally will prompt some investors to bet the advance is excessive.
A technical indicator suggested the dollar is poised to fall. Its 10-day relative strength index against the euro fell to 29.70, and against the yen was at 68.08. The index is a gauge of momentum in a given period, and a level above 70 or below 30 suggests a change in direction.
``The long weekend in Europe and the U.S. will keep the market quiet, making it more likely the dollar will take a break from its rally,'' said Tetsu Aikawa, a currency sales manager in Tokyo at UFJ Bank Ltd. ``The run-up has been fast enough to trigger concerns of a pause.''
The dollar may drop to 105.80 yen and $1.2990 per euro today, he said.
`Disagree'
Citigroup Inc., the biggest financial services company, advised selling the dollar against the euro as it contested the view that the Fed is more likely to raise interest rates in larger increments this year.
``We disagree with this interpretation of the Fed's statement and disagree with the view that a 50 basis point tightening is more likely,'' Steven Saywell, chief currency strategist in London at Citigroup, wrote yesterday in a report. The bank expects the dollar to drop to $1.3670 per euro.
The Fed's benchmark rate exceeds the European Central Bank's key rate by three quarters of a point, the biggest gap since March 2001. The next U.S. policy-setting meeting is May 3.
`Dollar Supportive'
The U.S. next week is forecast to say the economy added more than 200,000 non-farm jobs for a second month in March, according to a Bloomberg survey of economists.
U.S. consumer prices rose 0.4 percent in February, the most in four months and more than the 0.3 percent median forecast in a Bloomberg survey of economists, the government said on March 23. A Labor Department report the day before showed wholesale prices rose for a second month in February.
``The dollar's upward trend is going to continue,'' said Toru Umemoto, market analyst in Tokyo at Keio University's Global Security Research Center. ``Yields are rising, and the U.S. economy is strengthening. All of this is dollar supportive.''
bloomberg.com |
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| To: RealMuLan who wrote (26290) | 3/25/2005 9:36:56 AM | | From: russwinter | | | | Guo Shuqing seems to be a bit out of the mold for China, and is clearly a key figure. He's the one who has a problem with the current export driven model of collecting US Old Maid Cards.
Message 21167079
We should gradually reduce the preferential treatment to exports and seriously review our foreign investment policy," Guo said. Excessively favourable policies towards exports and foreign investments made sense in the years immediately after the country adopted its "opening-up" policy in 1979, he said.
But over time, such policies have fostered the erroneous belief that has led to the unconditional support for foreign investment and exports to achieve a consistent trade surplus. "This mentality should be corrected," said Guo, an economist who used to be in the central government's bodies for economic restructuring.He said exports should not be given a superior position in the country's economic development agenda than imports. "And trade surplus is not necessarily a good thing all the time," he said.
So now that he is taking on this CCB responsibility, does this means that 1. corrupt lending standards to money losing enterprises and property speculators abates? 2. USD reserves are mobilized to shore up CCB's capital and write off the many bad loans? 3. This statement above is about making a move on the peg, and making a move away from merchantilistic currency intervention (which favors speculators, foreign operations, the US Bubble economy and Pig Men, and money losing exporters at the expense of other Chinese), IMO. |
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| To: MoneyPenny who wrote (26301) | 3/25/2005 10:19:15 AM | | From: MulhollandDrive | | | | Highrise condo development in the backward Fort Myers is selling out pre-development with about 90% investors/10% actual buyers. I think this is a recipe for disaster and perhaps an opportunity for me to buy a nice penthouse in a few years.
i think you are right, MP
and important to position oneself to take advantage of the opportunity....cash will be king |
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