Posted by Jonathan J. Miller -Friday, October 24, 2008, 12:32 AM
Getting Graphic is a semi-sort-of-irregular collection of our favorite BIG real estate-related chart(s).
Zubin Jelveh’s Odd Numbers blog at Portfolio.com from has a terrifc chart that ranks countries with a bailout in place by percentage of GDP.
Staggering – it makes the US $700B bailout seem like a drop in the bucket relative to other countries. Of course, more drops are coming. Incidentally, those countries on the list have been on a US consumer buying spree, including real estate.
Check out the Paulson interview on Charlie Rose on Tuesday. Is it just me, or was US Treasury Secretary Paulson’s defense of the current administration’s handling of the credit crunch and his job exit strategy strange? I wonder why he would not consider remaining in office (assuming the new president wants him) to oversee the largest financial crisis since the Great Depression?
This just in: The evil man theory of failure.
UPDATE: If you are feeling a little upbeat today – confidence feeling better, likely because it is Friday, I have just the thing to knock you down. No I am not talking about the Dow Futures falling 500 points overnight. Next year, someone is predicting the Dow to drop another 41% over the next year because earnings estimates are too high.
At some point down the road, albeit later than sooner, won’t we see a surge in real estate activity? Stock market volatility is crazy and borrowers are restrained from financing now. Pent up demand and bloated inventory…