Rene Pharisien is a Partner at Blue Lake Ventures, LLC, a California-based private equity fund.
+ more bio informationAmerica, the "Vanilla Sky" economy.Whether or not we are in a recession depends on who you talk to. If you are a consumer reeling from the loss of value in your home, no longer able to lower payments by refinancing your mortgage, or someone in residential real estate, construction or the mortgage industry, the answer is certa... More..
Real estate prices will not rebound until 2013.Housing is cyclical and we had a tremendous 8 year cycle which produced 150% appreciation between 1997 and 2005. This cycle was extended past its natural course through unprecedented low mortgage rates which bottomed at 4% for "variable" rates that were fixed for 3 or 5 years. Al... More..
Real estate prices will not rebound any time soon.Housing is cyclical and we had a tremendous 8 year cycle which produced 150% appreciation between 1997 and 2005. This cycle was extended past its natural course through unprecedented low mortgage rates which bottomed at 4% for "variable" rates that were fixed for 3 or 5 years.... More..
Who else should we help?The auto industry is pushing for a bailout and asking the American taxpayer for $34 billion in loan guarantees, arguing they can't survive without it. If we agree then we should also bail several others:1. Starbucks. If they can no longer sell $4 coffee because of something as trivial as people being u... More..
$60 oil is the equivalent of 1 American billionaire going bankrupt every day.Even with a barrel of oil back down to $60, $1 billion leaves our country every day to buy oil from producing nations, every day, 365 days a year. That's $1 BILLION PER DAY; over $365 billion a year out of America. When oil returns to $150 a barrel, ... More..
2008 Recap.The best thing about 2008 is that it's over, a tough year for markets and economies worldwide. Paying attention to the stock market, equities, and our portfolios was as much fun as watching a cancer patient on chemotherapy. The majority of "experts" and pundits did not predict the downturn, and were caught off-guar... More..
Is this a recession or what?Whether or not we are in a recession depends on who you talk to. If you are a consumer reeling from the loss of value in your home, no longer able to lower payments by refinancing your mortgage, or someone in residential real estate, construction or the mortgage industry, the answer is certainly YE... More..
Was this a correction or the start of a bear market? While the July and August market turmoil upset investors, we view the summer downturn as a normal correction and a great opportunity to increase stock holdings. We are in the fifth year of a long bull market which has gone virtually uninterrupted. The last correction was ov... More..
Rene Pharisien
Westlake Village, California US
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