Tag: Great Recession
The Great Recession began with great deception
A new term describing how Lehman converted securities and other assets into cash has entered the financial vocabulary: "Repo 105." While Lehman's huge indebtedness and...
Working our way out
The inability of developers to access traditional capital markets remains a significant issue. The National Association of Home Builders (NAHB) estimates that the current...
Light of day
While year-end upticks in sales volume are seasonally typical, the first quarter of 2009 likely will be considered the bottom of the downturn in...
