Eugene David
...The One-Minute Pundit

Wednesday, April 21, 2010


5:38 PM The American Institute of Architects’ Architecture Billings Index suggests further declines in CRE investment through all of 2010 and probably longer. The AIA cites an "approximate 9- to 12-month lag time between architecture billings and construction spending" on non-residential construction.

DOW 2,000,000,000!!!!!

Fitch: U.S. CMBS [Commercial mortgage-backed security] Loan Defaults to Exceed 11% by End of 2010

DOW 3,000,000,000!!!!!

(Second link via Calculated Risk story)

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