Category: Eurozone

Month in Review, December 2014: Part 3, The right to be wrong

9 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York City, Privatization, Switzerland, US News, Vermont, Zoning | No comments

By: David A. Smith [Continued from Friday’s Part 2 and the preceding Part 1.] Though a cemetery, as profiled in yesterday’s summary of December, is real estate used by and for the dead, and before there is a cemetery, there can also be a property that is used by no one, because those who would have […]

Month in Review, December 2014: Part 2, Tell it to the woodchucks

6 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York City, Privatization, Switzerland, US News, Vermont, Zoning | No comments

By: David A. Smith [Continued from Wednesday’s Part 1.] So substantive was December’s eleven-part post on the pending privatization (resident right-to-buy action) of Southbridge Towers that not only did it take up half the month’s posting, my excerpted month-in-review summary spilled over from Wednesday’s Part 1, as in four more parts I brought the story up to […]

Just WHO has a problem here?

5 February, 2015 (09:28) | Banking, Bankruptcy, Bonds, Capital markets, Euro, Eurozone, Global news, Greece, Grexit, Guarantees, Sovereign bankruptcy, Speculation, Syriza | No comments

By: David A. Smith [Interrupting Month in Review, December for some current and topical news – Ed.] Nick Fury: No matter who wins or loses, trouble always comes around… The Avengers, Age of Ultron Here comes trouble As Tony Stark’s creation Ultron said, just before he launched all-out war on humanity, “Everyone creates the thing […]

Month in Review, December 2014: Part 1, Hit pause on reality

4 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Co-ops, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York, Privatization, Switzerland, US News, Vermont, Zoning | No comments

By: David A. Smith Compared with all the generations that came before us, we today live in a world of unprecedented rate of change, both in dimensions – technology, medicine/ biology, war/conflict, and human society/ moral values – and in speed.  To survive and orient within this continuous shock of the new, we have learned […]

Better to be franc?

26 December, 2014 (10:00) | Bank regulation, Banking, Capital markets, Currency risk, Eurozone, Foreclosure, Housing, Hungary, Lending, Mortgages, Switzerland |

By: David A. Smith Long ago I figured out that, when it comes to currency risk, never lend in foreign currency and never borrow in foreign currency.  I would have thought this was obvious, but some of the world’s smartest bankers (the Swiss) managed to put themselves into just such a foolish position, as reported […]