Credit

Heartbreak Hotel Delinquencies Up Fivefold

They put up more boutique/ trendy hotels in NYC over the last 4 years than I could possibly name here.  I never could figure out who the hell they expected to occupy all of these rooms.  The Europeans certainly took advantage of the exchange rate in ’07 and ’08 but once the credit crisis hit,…

Whitney's Latest Concern: Pulled Consumer Credit Lines

The latest prognostication from the Credit Cassandra AKA Meredith Whitney is alarming to say the least.  It concerns the fact that she sees up to 50% of all consumer credit lines being yanked at exactly the worst time for any prospects of a recovery…which would mean now. From Forbes (FP): Whitney discussed credit card lines…