great story on the evolution on publishing
great story on the evolution on publishing
There are a lot of people with real estate, and they can’t afford it. They can’t make the payments, and they can’t sell the house.
—Joseph Baldi, a Chicago attorney. Baldi is scheduled to speak to the American Bankruptcy Institute on Chapter 11 in October
Real estate is an incredible thing on the downside. Equities can only go to zero. Property can go well below zero.
—Jason Green, a bankruptcy attorney based in Washington, referencing the associated taxes, fees and maintenance of real estate property
I’d say their equity has been wiped out
—Craig Leupold, president of Green Street Advisors, on the $1.9b BlackRock / Tishman Speyer position in Stuyvesant Town
This is not standard regulatory capture.
—Simon Johnson, June 2009
How Did Economists Get It So Wrong?
—Paul Krugman: NYT Magazine
The People’s Bank of China should try to reduce intervention on the exchange rate as much as possible. Eventually, the yuan should be demanded as a reserve currency, and we are far away from this stage.
—Yu Yongding in an interview on August 6th
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