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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (64136)	6/19/2006 10:47:38 PM
From: loantech	Read Replies (2) \| Respond to of 110194

Hi Russ, Had not been to the Pearl district for 5-6 years except for a distant view of the area from the around Albers building a few times on bicycle rides. Went there on Saturday for fun. It appears as though many of the complexes are doing fine. I see a lot of building going on, a crane up at NW 23rd area, three towers or so down by South Water front, several projects in the Pearl, the new Riverscape of around 8 blocks to build and sell. I spoke with a sales agent for Riverscape. I guess Portland is still priced under the Seattle market but not by much. Of course she said sales were good with a lot of people outside of Portland coming in. I asked her if 5,000 units for sale (downtown area) would be a good guess and she replied yes. Store fronts in the Pearl were nice but traffic looked slow. Do you see a lot of these getting sold or not sold? Occupancies in the existing projects so far look good BWDIK? I guess I am stunned that there can be 5,000 units for sale all priced at $650,000 or more, many a lot more? Are my numbers close? Or do many people just make a lot more money than I am used too so Maybe things are better and then no reason for doom and gloom? Thanks for your comments, Tom PS:Eggs Benedict at Fenouil was very good.

To: russwinter who wrote (64136)	6/20/2006 12:32:08 AM
From: shades	Read Replies (1) \| Respond to of 110194

Japan studies Islamic financial practice to lure oil money - report 06.18.2006, 07:17 AM TOKYO (XFN-ASIA) - Japan will study Islamic financial practices in a bid to attract Middle Eastern oil money amid record oil prices, the Nihon Keizai Shimbun reported. The government-backed Japan Bank for International Cooperation (JBIC) has formed a four-man advisory board of Islamic legal scholars from Saudi Arabia, Malaysia and Pakistan, the paper said. JBIC will also study Islamic-style finance in a tie-up with Sumitomo Mitsui Banking Corp, Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ, the business daily said, quoting sources close to the plan. The government intends to take part as an observer in the Islamic Financial Services Board, a Malaysia-based organization set up by Muslim countries, according to the report. The aim is to help Japanese private financial institutions enter the Islamic financial market, it siad. Japan Asia Investment Co has separately set up an advisory panel up of Islamic legal scholars to confirm that the Sharia Asian Investment Fund it manages jointly with a US firm for Middle Eastern investors conforms to religious teachings. Islamic financial practices, based on the Koran, ban the payment or receipt of interest and any transactions involving alcoholic beverages or gambling, and require all contracts to be acknowledged by Islamic legal scholars. forbes.com