For most people the covid-19 pandemic ended years ago. But not for commercial-property investors and their lenders. Working from home prompted an office slump that lasted far longer than mask mandates and lockdowns. Starting in 2022 aggressive interest-rate rises hurt the sector even more, by making mortgage loans far more expensive to roll over. The banks that financed it, especially the smaller ones, have been brutally squeezed as credit quality has deteriorated.
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 220.38 points or 0.43% to...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
Senate Democrats threw a teetering Trump administration a lifeline by folding on the U.S. government shutdown. The move has divided...
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February.Bostic...
Yves here. This article does not mention (not surprisingly) one of the most successful efforts to organize farm workers. The...
During the recent government shutdown, the temporary interruption of benefits to 42 million food stamp recipients was hyped as practically...
The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.
