tag:blogger.com,1999:blog-6616959642391988608.post1372853198184490476..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The service sector looks reasonably healthyScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-82910047725426413612010-05-05T11:57:20.566-07:002010-05-05T11:57:20.566-07:00John-
I hope the Fed prints money until the plate...John-<br /><br />I hope the Fed prints money until the plates melt.<br /><br />BTW, I have been researching Japan a bit, ever since I came across the fascinating report that the Japanese are selling gold, and that in yen gold is half-price compared to 1980.<br /><br />Real GDP per capita in Japan has quadrupled since 1980--hardly the picture of "sluggish growth" we ususally hear about.<Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31842123821279221322010-05-05T10:40:01.622-07:002010-05-05T10:40:01.622-07:00Benj,
The problems in Europe's bond markets a...Benj,<br /><br />The problems in Europe's bond markets are helping the Fed doves' case. Out 10 yr treasury is spiking, showing fear is again rearing its head. <br /><br />Hard to argue raising rates....for the time being.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50329009079656263132010-05-05T09:58:17.121-07:002010-05-05T09:58:17.121-07:00Scott:
That makes sense. At some point, I think w...Scott:<br /><br />That makes sense. At some point, I think we see even these modest price gains flatten out, as we reflate to "normal" price levels. <br /><br />For owners of industrial space in Los Angeles, it make be five years or more (assuming economic growth) before we regain price levels of 2007-2008 in terms of rents or sales prices.<br /><br />Much of the commercial real estate Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4653009524642995872010-05-05T09:33:16.594-07:002010-05-05T09:33:16.594-07:00It's my understanding that the survey asks res...It's my understanding that the survey asks respondents to indicate whether (for example) they are paying higher prices in the current month than they paid in the previous month.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53394849582523360562010-05-05T09:23:29.904-07:002010-05-05T09:23:29.904-07:00It would be nice to know if purchasing managers ar...It would be nice to know if purchasing managers are reporting paying higher prices compared to the bottom of 2009, or to the top of 2008. <br /><br />If you buy a factory today in los Angeles, you will pay more (probably) than in 2009, but less than 2008. <br /><br />I would call what we are in now a reflation. Nobody today in real estate and construction is paying more than they did in the boom Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com