Federal Reserve Chairman Ben Bernanke Non-Taper September Surprise!
The consensus in the financial markets leading up to the Fed announcement yesterday was that, at the very least, Federal Reserve Chairman Ben Bernanke would announce a drop in monthly bond purchases of a minimum of $10 billion from the current level of $85 billion.
That didn’t happen as Bernanke left the number unchanged due to the Fed’s analysis of the current state of the US economy and the forecast going forward of stubbornly high unemployment and a relatively weak level of GDP growth.
The article from Seeking Alpha below gives more of an overview of the rationale behind the Fed’s decision and, in addition, there are links provided to other articles for law firms, non-law businesses and real estate companies that we hope you will find interesting, relevant and useful.
‘The Federal Open Market Committee met on Tuesday and Wednesday and decided not to taper Quantitative Easing (QE) not even by a small amount, so the $85 billion monthly bond-buying program remains in place until further notice…’
‘There’s no shortage of investment opportunities. You’ve heard it before but “the deal of a lifetime comes along once a week-” assuming you’re looking! So we prioritize our time, and when a property is presented to us, we first determine how fast we need to act. If it’s been on LoopNet for 4 months, we’ll stick it on the back burner no matter how appealing the numbers…’
‘Large companies have many advantages over smaller newcomers: lots of resources, plenty of capital and longstanding customer relationships. Also, big companies, with their more experienced personnel and more complex procedures, tend to make fewer mistakes. But that isn’t actually an advantage. In fact, for a new company, a willingness to make mistakes is a strength that management should seek to leverage…’
‘Dealmaking is tough enough in the best of times. But in a period of high competition and a recovering lending environment, brokers—particularly mortgage brokers—have their hands full, trying to orchestrate the best deals for their clients. Just ask Simon Ziff, president of Ackman-Ziff Real Estate Group, a locally based boutique real estate capital advisory firm specializing in a variety of financing solutions…’
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November 25, 2013 Long Island Fight for Charity Tickets
Come and watch Hallmark Abstract Service President Mike Haltman step into the ring for charity by purchasing your FFC tickets here!