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Climateer Investing (Free subscription) | 11/02/2009
Mr. Ross is one of the very, very sharpest operators in the market. Distressed debt and related areas are so fraught with ways to lose money that anyone who can even survive is smarter than the average bear. To make the kind of money in the field that Mr. Ross has made is proof positive of a deep understanding of the biz. We titled one of our posts " A Guy Who Might be Smarter then...
3Vote!
The Cynical Economist (Free subscription) | 11/01/2009
From Bloomberg By John Gittelsohn and Thomas R. Keene Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program [...]...
11Vote!
The Business Insider (Free subscription) | 11/01/2009
The commercial real-estate crash is the worst-kept secret in the economy, but it's happening. It's just taking a long time to play out. (Except in the hotel industry, which essentially has "one-day leases"). Wilbur Ross and George Soros were freaking out about it on Friday: John Gittelsohn and Thomas R. Keene, Bloomberg : Billionaire investor Wilbur L. Ross Jr...
11Vote!
Calculated Risk (Free subscription) | 10/30/2009
... see annual growth - not annualized growth - of 4% to 5%." emphasis added And from Bloomberg: Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash (ht James, others) Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value...
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Bloomberg (Free subscription) | 10/30/2009
Oct. 30 (Bloomberg) -- Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”
3Vote!
News-To-U(se) (Free subscription) | 10/30/2009
Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance sheets. “Occupancy...
7Vote!
DealBook (Free subscription) | 11/23/2009
An American billionaire investor, Wilbur L. Ross, plans to buy shares of China Longyuan Power Group, the largest wind power generator in Asia, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus.
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[ The Financial Ninja ] (Free subscription) | 11/03/2009
Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash (Update3): "Billionaire investor Wilbur L. Ross Jr,, said today that U.S. is in the beginning of a "huge crash in commercial real estate." On Friday 9 banks failed and were seized by the FDIC, the largest number of failures since the crisis began. Included was California National Bank, the fourth-largest...
3Vote!
Britannia Radio (Free subscription) | 11/02/2009
By John Gittelsohn and Thomas R. KeeneOct. 30 (Bloomberg) -- Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program...
7Vote!
Curbed LA (Free subscription) | 11/02/2009
... what will probably be a “huge crash in commercial real estate,” billionaire investor Wilbur L. Ross Jr. said Oct. 30." Year over year, overall spending is down 13 percent from a year ago, according to the Wall Street Journal .[Bloomberg]
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[ The Financial Ninja ] (Free subscription) | 11/02/2009
... CRE and that it will dwarf the residential mortgage crisis. Bloomberg : "Billionaire investor Wilbur L. Ross Jr,, said today that U.S. is in the beginning of a "huge crash in commercial real estate."
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Denver Post (Free subscription) | 10/31/2009
Billionaire investor Wilbur L. Ross Jr. said Friday the U.S. is in the beginning of a "huge crash in commercial real estate."
7Vote!
Suburban Guerrilla (Free subscription) | 10/30/2009
The second wave is coming – and the third. Who could have known? Oct. 30 (Bloomberg) — Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one [...]
7Vote!
Infectious Greed (Free subscription) | 10/17/2009
... Corporation: "Insured deposits are being used in ways that I don't like to see." Wilbur L. Ross Jr., Chairman and Chief Executive Officer, WL Ross & Co.: People were focused on "risk-ignoring rates of return." (Describing one of the things that went helped bring about the financial crisis.) If regulators had taken the time to visit a Countrywide Lending...
10Vote!
The Big Picture (Free subscription) | 10/17/2009
... Deposit Insurance Corporation: “Insured deposits are being used in ways that I don’t like to see.” Wilbur L. Ross Jr., Chairman and Chief Executive Officer, WL Ross & Co.: People were focused on “risk-ignoring rates of return.” (Describing one of the things that went helped bring about the financial crisis.) If regulators had taken the time to visit a Countrywide Lending office,...
