Emerging Markets

For those considering taking a position in Emerging markets, this article discusses how the global recession continues to affect capital flows and may delay the growth of these economies. The World Bank estimates that the developing world will only grow by 1.2% in the coming year.

For Those Of You Who Want To Start A Hedge Fund...

The following article gives an interesting view of how at least one hedge fund is catering to what may be a more informed and less passive hedge fund investor:

http://dealbook.blogs.nytimes.com/2009/06/26/starting-a-hedge-fund-in-a-shell-shocked-age/

The Answer to Our Economic Woes

US To Trade Gold Reserves For Cash Through Cash4Gold.com

In the word of DB, Presented Without Comment.

Who was Smuggling $134bn in US Bonds into Switzerland?

Why We Need a Bigger Real Estate Correction.

While we are still down HUGE from Dow 14,000, trailing P/Es in the REIT arena are beyond ridiculous. Most would explain this as the market switching from backward looking to forward looking valuations, but how do SO many people really believe these kind of P/Es are justified? For example, big name office REITs:


And people thought the CRE shoe had already dropped...