From the October 6, 2009 PBS “News Hour.” One sees this every day. Storefronts on Park Avenue South where overpriced restaurants sat two years ago are empty with “For Rent” signs, something one never saw in such neighborhoods. Traditionally in NYC, property changes hands in private deals, never through the posting of rent signs. With 1% down payments, commercial real estate makes the subprime meltdown look outright responsible.
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@hurchel
But ron paul needs to announce to save the united states of america.
I would have last time if he hadn’t quit..
@hurchel
and nobama is just as bad too, the two party system are two wings of the same bird
Vote Ron Paul in 2012.
WAKE UP
Saddam Hussein
Barack Hussein Obama
Osama Bin Laden
Joe Biden
Its a Game. A Spiritual Game…
Either win and go to the 4th dimension where it is Service to Others (STO) or…
Lose and stay in the 3rd Dimension of Service to Self (STS)…
You need to Cross The River….
So what would you say is next in line for us?
@LordoftheKaty
I said this was going to happen
IN 2007
and Gerald is a friend of mine
I KNEW THIS WOULD HAPPEN
and I said it would happen
and its GOING TO GET ALOT WORSE
and I am happy about it
YOU RICH PRICKS that never cared about anyone BUT YOURSELVES
and now YOUR BABLYON IS FALLING
ITS GREAT JESUS IS THE LORD
I thought this last year when thousands of us got laid-off from my company. No jobs equals no revenue.
Either wall street dosent understand that without jobs people can’t buy things and is purly focused on the short term benefits of laying people off. Or they know that there crashing the system and they have some grand plan of mass economic destuction we are just not privy to. Come on people, you can’t keeping buying that the people who own and run america are idiots that don’t know what there doing. There causing unimployment and system crash on purpose. There evil and it’s obvious.
Bush defrauded america, and until he is prosecuted his whole group, the US is suiciding itself. we can’t stand what our government is doing
Tough? lol
WE can buy cheap for once
So Gerald Celente was right! There was a commercial realestate collapse in 2009!
Greed from top to bottom.
Terrorists,bush.chinese with 2.3 trillion dollars in Treasury securities
The shareholders of the federal reserve and the ECB
Who brought America down to its knees? Iraq and Afghanistan? Terrorists? Bush? Who is the main culprit?
For some mysterious reason, the PBS News Hour (McNeil-Lehrer News Hour when I was growing up) has a very good economics reporter , one of the better ones on TV. Go figure.
Excellent piece by the News Hour. Thanks for posting this Marcus.