Rapid Real Estate Investing Results

This is a follow-up to yesterday’s post.

I mentioned we would likely be at 60 failed banks before the end of today.

Well, it’s 5:10 as I write this and we are already there.

Three banks in Puerto Rico were closed by the FDIC today right out of the gate.

Who wants to wager on the total before the day is out?

Listen, I take no pleasure in the demise of our banks.
I merely write this to bring us all back to reality.

The economy may be “Turning the corner”, but we still have MAJOR problems

in our banking industry and lending environment.

What can you do to help the situation?

Browse around on my site… look at yesterday’s post

Real Opportunities are in Commercial Real Estate Investing and Lending Right now.

Leave me a comment below.

Technorati Tags: Failed Banks, real estate investing

I just finished reading an article on Bloomberg.com that left me scratching my head.

I guess I’m a little more bearish on the overall economy and I think stocks have risen way too fast.

Of course, for folks that have much of their retirement tied up in the stock market, this is wonderful news.  If I were them, I would definitely be pulling some of my money out of the stock market and putting it into some hard assets.  That’s just me though.  Do I think gold is a good answer for these people?  Well, this is another area that I think is “Bubble like”.

To be fair, I am not an economist by any stretch of the imagination.  However, I was forced into taking several semesters of Economics, including a course on Money and Banking.  WOW!!!  Now that one will really hold your interest when you are a young 20 something!!  Woo Hoo! 

Here is the article I was reading.

====>  Bloomberg Article

I hope that we truly are going to just pick things back up.  I know that the overall job scene could really use some good news.  I will believe it when I see the orders coming in for heavy equipment.

I still have to wonder though, will the continuing foreclosure problems and commercial real estate troubles further slow down recovery later in the year?

What do you think?

Technorati Tags: investing