tag:blogger.com,1999:blog-6616959642391988608.post4583675749776657959..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The PIGS have their problems, but Europe is not melting downScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-50195941061119003192010-11-23T11:16:55.204-08:002010-11-23T11:16:55.204-08:00Spain is going boom next. You might need to revisi...Spain is going boom next. You might need to revisit the title of this post...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19313842345536817072010-11-22T20:54:53.898-08:002010-11-22T20:54:53.898-08:00It's pretty easy to fix. Both Illinois and Cal...It's pretty easy to fix. Both Illinois and California will be doing at some point. It goes like this--remember we said you could retire at 55 and you'd get 75grand a year until you died? Well that's not gonna happen-sorry.Steve Fultonhttps://www.blogger.com/profile/17201413605319579983noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12506590090754627532010-11-22T17:39:19.800-08:002010-11-22T17:39:19.800-08:00Good news, bad news. Commercial real estate going...Good news, bad news. Commercial real estate going up in value, but still off more than 42 percent from highs...<br /><br />New York, November 22, 2010 -- US commercial real estate prices as<br />measured by Moody's/REAL Commercial Property Price Indices (CPPI) increased 4.3% in September, its first increase since May and the largest gain in the history of the CPPI.<br /><br />As of the end Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28394135412885729322010-11-22T15:57:15.299-08:002010-11-22T15:57:15.299-08:00Brodero, Italy=California, for seventh & eight...Brodero, Italy=California, for seventh & eighth biggest econs in the world. Spain is #14. Italy may be next -- ambling up to the EU rescue window.Buddy R Pacificohttps://www.blogger.com/profile/12737107556268024013noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12720945872283000292010-11-22T14:36:40.197-08:002010-11-22T14:36:40.197-08:00Remember GDP wise....Ireland = Nevada,Greece = Con...Remember GDP wise....Ireland = Nevada,Greece = Connecticut,Portugal = Kentucky....<br />BUT Spain = Californiabroderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33673664612994881862010-11-22T14:04:57.679-08:002010-11-22T14:04:57.679-08:00Frozen, same goes for the rest of the levered worl...Frozen, same goes for the rest of the levered world. If banks had to face up to reality the system would reset at a lower level across the board.<br /><br />Eventually this will happen too. Printing money will not resolve solvency.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-8919855401788468122010-11-22T12:57:59.028-08:002010-11-22T12:57:59.028-08:00Frankly, the problem of the PIIGS is really not a ...Frankly, the problem of the PIIGS is really not a sovereign problem, its a banking problem. Europeans agencies don't want to face up to this reality. European banks are heavily exposed and would probably be insolvent if they had to take write offs on their loans. The UK banks have lend about E150 billion to Irish banks, and the German banks have done something similar. The reality is thatFrozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.com