Housing Issues & Financial Considerations
For those of us focused on the housing market, this piece is particularly enlightening. As the authors explain, we will need to see a price reduction in order for the housing market to stabilize without government aid.
The author explains that, “Based on Merrill’s estimates the housing market is unlikely to normalize before 2015. The supply/demand imbalance is simply staggering at the current levels and is likely to deteriorate if the economy weakens further.”
Sighting charts and analysis from Merrill Lynch, the article sheds light on the current housing issues. Certainly, these issues are pertinent to those in the financial sphere like Corey Ribotsky and to anyone looking to invest in the housing market or to purchase a private home.
Investing News with Corey Ribotsky
Here’s an interesting analysis for investors out there. This post tries to explain the low options trading volumes we are seeing at the moment. It’s certainly an interesting analysis of the complete nuance of the stock market and of investment portfolios that is worth a read for anyone in the business, such as Corey Ribotsky of the NIR Group.
As the article ends, he states, “This exacerbates the low options and stock trading volumes, which makes it even more difficult for investors to conclude that this stretch of the tape is decisively bullish, or bearish.”
The Recent European Stress Test
This short piece at CNBC.com offers a concise and articulate analysis of the recent European stress test that banks underwent. As John Carney, Senior Editor at CNBC.com states, “In short, what the stress tests unarguably demonstrated was not that Europe banks are healthy—that’s still arguable—but that regulators view them as healthy and won’t be enforcing any new, drastic rounds of capital raising anytime soon.
They were a test of regulatory forbearance and forbearance won.”
Many investors, from the novice to the experienced managing member like Corey Ribotsky, could find this piece interesting and its advice telling.
FDA Approval as Reported by LLS
The Leukemia & Lymphoma Society works tirelessly to help in the fight against cancer. Certainly, the support that they receive from their fundraising events and from donors such as Corey Ribotsky, helps in this enterprise.
In addition, they are always following the latest FDA approvals in cancer drugs and other research developments. In the most recent medical news, the U.S. Food and Drug Administration recently approved a new indication for Tasigna (nilotinib) which treats a rare blood cancer when first diagnosed. The cancer is called Philadelphia chromosome positive chronic phase chronic myeloid leukemia (Ph+ CP-CML), and it is a slowly progressing blood and bone marrow disease linked to a genetic abnormality.
This new indication allows for more use of Tasigna in adult patients who are in the early stages of this disease.
Investing Tips for all Investors
Before investing, everyone has to do his research. This is true, whether you’re a seasoned investor or just starting out. This article is a clear, concise examination of investing, offering concrete tips and pointers for investing. As the author says at the end, “Everyone and even some of their mother’s have a list of the hottest investments for the year, month, holiday, or whatever else they can come up with. Even when coming via trusted source, be sure to research each potential investment before opening up your wallet.”
Sunrise Day Camp Looks Ahead to the Golf Classic
The Sunrise Day Camp is the only dedicated day camp in the country specifically created for children with cancer and their siblings. Children enjoy a new beginning free of charge as they form friendships, participate in camp activities and enjoy a chance to feel like regular kids.
On August 16, 2010, Sunrise Day Camp, supported by Corey Ribotsky and so many others, will host the Samuel Levine Memorial Golf Classic. Have fun at the golf classic, while knowing that you are supporting the Sunrise Day Camp with any funds you spend at the event. Join the camp, as well, to honor Paul Brensilber, Roddey Dowd Jr. and Jordan Ziegler on this special day.
In addition, Sunrise Day Camp has taken their journal green! Their virtual ad journal will be screened for the first time at the Golf Classic and viewed online throughout the year. Have fun while supporting a very worthy cause.
Corey Ribotsky on Real Estate
Corey Ribotsky, Managing Member of the NIR Group, probably knows a thing or two about the current real estate market. The NIR Group LLC, an Alternative Asset Management Firm, specializes in four areas: direct investments; commodities; structured finance and real estate.
The real estate section of the NIR Group mainly provides mortgages which are usually quite dissimilar to those offered by banks, insurance companies, etc. In other words, these mortgages are much more short-term. While the person who takes out such a mortgage will usually end up paying more they still remain popular. This is because people often want to “limit equity dilution that can come from involving an equity investor to provide the necessary funds.”
Corey Ribotsky and the NIR Group team have probably been following the news in the real estate market as well. A study showed that foreclosures were up 16 percent from the beginning of 2009 to the start of the following year. Maybe this company’s mortgages can assist people and prevent them from being foreclosed.
Funding Agreement Between Med Gen Inc. and the N.I.R. Group
The NIR Group of Roslyn, New York
Corey Ribotsky is the Managing Member of the NIR Group, an Alternative Asset Management Firm based in Roslyn, Long Island. The principals are also investors in the firm’s strategies, assuring that there is no conflict of interest and reassuring investors and building confidence among investors in NIR Group’s ability to realize higher than average returns while simultaneously minimizing the downside risk.