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.
Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave...
There’s a common trope among people who have collateralized debt that, until the debt is cleared, they never truly own...
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 3.32 points or 0.01% to...
Primary runoff elections in Texas show that the two most dangerous threats to incumbent politicians are Donald Trump and AIPAC....
Yves here. Even though this post keys off an overly-long treatise by the vampire Tony Blair, I hope readers outside...
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