Archives | The Property Chronicle

The property instinct and the utter futility of socialism

by Robert E. Wright | Sep 28, 2021 | The Professor

If you are like me, you regularly interact with people who remain unphased by America’s recent giant strides towards authoritarian socialism, of an economy run largely by and for state actors and their corporate minions. Those who bother to engage with the...

Collateralised loan obligations

by Daniel Tischer, Adam Leaver and Jonathan Beaverstock | Sep 27, 2021 | The Professor, zLead Article, zNewsletter

Why these obscure products could cause the next global financial crisis. At the heart of the global financial crisis of 2007-09 was an obscure credit derivative called the collateralised debt obligation (CDO). CDOs were financial products based on debts...

Letter from Paris: la rentrée 2021

by Andy Watson | Sep 23, 2021 | The Fund Manager, zOurWriters2

Back to school, back to work, back to life. La rentrée means much more than just ‘back to school’. The word also signifies a return to social and professional normality after an extended break. This September, after 18 months of life under restrictions, la...

Da scheppert nix (Nothing rattles there)…

by Martin Schwarzburg | Sep 23, 2021 | The Fund Manager, zLead Article, zNewsletter

… was a famous quote of appreciation attributed to Martin Winterkorn, Volkswagen’s former CEO, when closing the door of a KIA sedan at a car exhibition a few years ago. While Mr Winterkorn moved from the boardroom to the court room battling accusations in the...

Hating landlords misplaces the blame

by Gary M Galles | Sep 23, 2021 | The Professor, zEditor's pick, zLead Article

“No wonder people f—–g hate landlords.” That was what comedian Andy Richter tweeted (since deleted). What caused that reaction? A landlord wanted six month’s advance rent on an apartment he was seeking for his son. However, that expletive reflects...