Summit Notebook

AUDIO – Commercial real estate: The auto industry’s next big (bad) thing

November 3, 2009

The U.S. auto industry has had one heck of a year.Sales have fallen off, credit has been pretty much nonexistant and two of the major U.S. automakers were bankrupt. Other that all that, things were fine.But Bill Diehl, chief executive of advisory firm BBK, said at the first day of this year’s Reuters Autos Summit, that one of the main concerns for 2010 (if it’s not THE main concern) is the industry’s overall exposure to commercial real estate.We have been hearing about the problems with commercial real estate in many other sectors of the U.S. economy and Diehl gave the strongest statement so far about the auto side.(To hear Diehl\’s comments, please click here)The Reuters Autos Summit continues through Thursday in Detroit and Paris.

Alphabet-shaped recovery? Try bathtub-shaped

May 18, 2009

We’ve all heard discussions on what letter of the alphabet the economic recovery will look like. Will it be “V” shaped — as in, a sharp plummeting, followed by an equally sharp upswing? Or more “U” shaped — a downturn followed by a flat period before the recovery starts? Is the lightness we’re witnessing in the economy the mid-point in a more extended recovery process, mirroring the letter “W”? And heaven forbid, let’s not even think we might be stuck in an “L” shaped economy, with no near or medium-term hope of improvement.

AUDIO – Finding value in tough times

December 16, 2008

Executives at this year’s Reuters Aerospace and Defense Summit almost uniformely said that finding critical, and rather immediate, value in mergers and acquisitions was especially important now in a climate of less money available for financing.

Audio – Bubbles are fun — for awhile

June 23, 2008

schwartz.jpgSure thing, kids LOVE the bubbles. The blowing, the running around, the popping.

Abby Joseph Cohen sees no black hole in U.S. economy

June 10, 2008

Abby Joseph Cohen“I think it’s fair to say it will not be as deep a recession, if
 it is a recession, as many people had feared not that long ago.
 There certainly is not a black hole developing in the U.S. economy,” Cohen told the Reuters Investment Outlook Summit in New York.