bankruptcy

All happy property owners are alike, each unhappy owner is unhappy in their own way

“The entire commercial real estate space has to reset. No one really knows where the values are…You can’t raise rates this quickly and not expect a financial shock. We’re already working on transactions at 50% on the dollar: the equity is wiped out and half of the loan is wiped out.”

All happy property owners are alike, each unhappy owner is unhappy in their own way Read More

WeWork’s bankruptcy marks the beginning of the end for the stimulus economy

Essentially, the central banks thought that unlimited amounts of free money could reverse the impact of ageing populations. WeWork’s bankruptcy suggests that the bills for this mistake are now coming due, after 20 years of what the Wall Street Journal called “The most reckless monetary and fiscal experiment in history”

WeWork’s bankruptcy marks the beginning of the end for the stimulus economy Read More