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.
The letter I received from Trump, dated January 15th, discusses foreign policy, not domestic economics. It also says thank you...
Escalation talk surrounding a potential U.S. bombing campaign against Iran rests on a familiar premise: that sufficient military bombardment can...
Yves here. The fact presented in the headline is bad enough, but the potential expenditures, even more so, since it...
We have been here before – the Fed monetizing a productivity surge. There are two important differences this time, though,...
Labor divided into the production of different goods or even into various tasks involved in the production of a single...
President Donald Trump greets Indian Prime Minister Narendra Modi to the White House in Washington, Monday, June 26, 2017.Alex Brandon...
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