The Disaster Investor

Survive and Thrive in Any Economy

Archive for the ‘Uncategorized’ Category

Apr
05

Wall Street Firms Cut 34,000 Jobs

Posted under Uncategorized

Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=aTARUhP3w5xE&refer=home

Firm Positions Cut


Citigroup 62,000
Lehman Brothers 4,990
Bank of America 3,650
Morgan Stanley 2,940
Washington Mutual 2,600
Merrill Lynch 2,220
HSBC 1,650
Bear Stearns 1,550
WestLB 1,530
UBS 1,500
Goldman Sachs 1,500
National City 900
Credit Suisse 820
Royal Bank of Canada 500
Fortis 500
Wells Fargo 500
Wachovia 443
Deutsche Bank 370
JPMorgan Chase 100
TOTAL 34,463
Jan
31

Oklahoma City Affordability (Zillow.com data)

Posted under Housing Bubble, Maps, Oklahoma, Real Estate, Statistics, Uncategorized

http://www.zillow.com/real-estate/OK-Oklahoma-City-affordability

According to Zillow.com, U.S. real estate prices have been declining for about a year and a half. But - get this - Oklahoma City prices have been RISING for the past two years, even through the September-through-January period when the market is supposed to be slow.

There’s money moving into OKC that partly offsets the crisis in the mortgage market.

Yes, it’s slower than it used to be. Invest carefully. But don’t get scared of Oklahoma City real estate just because there’s a national real estate crash going on.

Let’s get on with some house buying!