Pete….LOL….I shorted XPP yesterday. I think that technoically, Shanghai is rolling over and the government’s raise of the 3 month bill rates two nights ago is an impetus to do so.
Buy YCS (short Yen) on any weakness…like we will see today.
The watering hole — at the corner of Bergen Street and Nostrand Avenue in Crown Heights — has been ordered to close shop by Jan. 15, though bar manager Tim La’Viticus says that he has a valid lease.
Seems strange. Snappy, Esq., we should offer to help them out. Wonder how we could get a copy of the lease.
You can also BUY FXP as a short on the China market if you are not set up to short stocks.
Pete….LOL….I shorted XPP yesterday. I think that technoically, Shanghai is rolling over and the government’s raise of the 3 month bill rates two nights ago is an impetus to do so.
Buy YCS (short Yen) on any weakness…like we will see today.
It’s valid if ownership switches hands. There typically are lease extension terms for commercial leases.
Kens, yes, lease is still in effect when you sell — new owner takes subject to all tenancies. Commercial stuff has nothing to do with rent control.
so whaddaya think of the NYTimes article on James Chanos shorting China, Dave?
http://www.nytimes.com/2010/01/08/business/global/08chanos.html?ref=business
They claim that they do but it’s about to expire. If the ownership switches hands, are leases still valid (assuming its not rent controlled)?
According to the article, they do:
The watering hole — at the corner of Bergen Street and Nostrand Avenue in Crown Heights — has been ordered to close shop by Jan. 15, though bar manager Tim La’Viticus says that he has a valid lease.
Seems strange. Snappy, Esq., we should offer to help them out. Wonder how we could get a copy of the lease.
I wonder why they don’t have a lease.
According to Ed koch, there are “hundreds of millions of muslim terrorists”….and they all want iPhones.
Happy Friday all!