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 3,320.72 points or 5.58% to...
Not that long ago, U.S. payroll growth of less than 100,000 or so a month meant the labor market was...
The Musk vs. OpenAI trial for an alleged breach of contract is actually an exposé of how the Silicon Valley...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
Incoming Federal Reserve Chair Kevin Warsh won't be looking to cut interest rates and in fact may want to consider...
(This is based upon a talk I gave at a recent Mises Circle meeting in San Diego.)I have lived in...
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