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Daily Archives: May 24, 2009

The Next Catastrophe For Banks: $3.5 Trillion In Commercial Real Estate Debt

Posted: May 24, 2009 at 6:44 am

In a long, analytic article about commercial real estate, The New York Post points out that the debt backed by commercial real estate in the US has hit $3.5 trillion. The paper writes ...
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Saudi Arabia Sees $75 Oil, Which Would Kill An Economic Recovery

Posted: May 24, 2009 at 6:04 am

Saudi Arabia's oil minister expects oil to move back to $75, about 22% higher than it is now. He also believes that OPEC will not have to cut production for ...
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