US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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Content By: The Coming Depression Editorial Staff (dates cited below)
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reduced for sale

“The balance of power in negotiating a lease or renegotiating a lease in some areas is now with the tenant,” said Janet Portman.

Our sad economic times force us to rent properties that are not getting an acceptable sale price. This is not good for sellers, but desirable for tenants. Just keep in mind that tenants were “sellers” on a barrel and will not look after your place as you would. I think a contract should be drawn between the tenant and the tenant to permit inspection of premises – by appointment, once each month – the day of collection of rents seems a reasonable date. This can eliminate surprises.

Why the Commercial Real Estate Collapse Could Be a Good Thing
Your business may be able to negotiate a lower rent.
By Jonathan Weber
Posted Tuesday, November 3, 2009 – 10:58am

The great residential real estate bust has been an unmitigated disaster for most types of small businesses. Retailers have suffered as consumers adjust to the loss of housing equity. Contractors, real estate agents, interior designers, architects, and insurance agents, to name just a few, have all seen their work dry up. Entrepreneurs who financed their businesses with home-equity loans, or planned to do so, are sweating it out.

For some time, economists have expected that the next shoe to drop is commercial real estate–but in this case, there is some potential upside for small companies. Rent is usually one of a firm’s highest fixed costs, and many of us may now get the opportunity to negotiate a much better deal.

There’s plenty of evidence that the same forces—namely, easy credit—that led to the residential real estate bubble also fed significant overbuilding in commercial real estate. In many parts of the country, there are now simply more suburban office parks, malls, and expensive downtown high-rises than the market can absorb.

The financiers, in many cases, have not officially recognized this, which is why you haven’t read that much about it in the financial pages. But if, as economists such as Chris Thornberg of Beacon Economics predict, the day of reckoning is nigh, this is an excellent time to get a better deal on your space.

If you’re locked into a long-term lease, there may not be much you can do. But if you’re not, and there’s no huge reason that you can’t move, I’d suggest making a few calls to find out what comparable space is renting for. You might also try to suss out whether your building and perhaps other buildings owned by the same landlord are having vacancy issues.

Then hit up your landlord for a rent reduction. You probably want to decide beforehand whether you’re willing to back up a threat to actually move out—you’ll obviously be in a much better negotiating position if you are—but either way, there’s no harm in having the conversation.

You can read the rest of this article from The big money.

Weak rental market gives small business owners leverage in talks with landlords
Wed Oct 14, 8:20 PM
Joyce M. Rosenberg, The Associated Press

NEW YORK – While small businesses are still struggling in this weak economy, many are catching a break when it comes to negotiating with landlords.

The weakness in the commercial real estate market comes in part from high vacancy rates in many parts of the country. And many landlords are increasingly willing to cut a deal with renters so they can keep their buildings occupied.

“The balance of power in negotiating a lease or renegotiating a lease in some areas is now with the tenant,” said Janet Portman, an attorney and co-author of “Negotiate The Best Lease for Your Business.” “If the market is awash with space, then you can assume the competition will be tight for rents and you’re going to have some real clout.”

Even companies whose leases aren’t up for renewal can get better terms, Portman said. She noted that in many states, a commercial tenant breaking a lease ends up responsible only for the months that a property is vacant. So a business that breaks its lease and moves to a much cheaper space can end up saving money. That’s likely to make many landlords willing to lower rents or agree to other terms to avoid losing money.

But Portman also said owners need to be careful about properties where landlords may be too eager to lower their standards to get tenants. A building that is filled with struggling companies that ultimately can’t pay their rent is going to turn into a ghost town and be a less desirable location of the remaining tenants.

Portman also warned that small businesses that are struggling probably won’t be able to cut a better deal.

“Even a landlord who’s desperate to rent isn’t going to take a chance on a tenant who’s got a bad track record,” she said.

Owners who are searching for space learn to develop a strategy, especially when they’re dealing with landlords who still think they can get the rents they want.

You can read the rest of this article at Yahoo News

Soaring vacancy rates, falling rents and a dramatic surge in incentives in emea office property mark

The office property market in Europe, the Middle East and Africa has seen a sharp increase in vacancy rates, a decline in rental levels and a dramatic increase in tenant incentives in the first half of 2009, according to analysts.

The latest international overview of 68 office markets in 37 countries across the region from Colliers International indicates how each market is fairing and the picture is mixed.

Major falls in rental levels in Dubai and Moscow, combined with the strengthening of sterling, have put London’s West End once again at the top of the table as the most expensive office market in the region.

With continuing economic troubles throughout the region and weak demand for office space, the vacancy rate across the EMEA region rose to 9.7% by the middle of the year, an increase of almost 2% during the first six months of the year, bringing the EMEA vacancy to its highest level since the end of 2004.

You can read the rest of this article from PropertyWire

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