

1) Industrial vacancy to peak just above 7% Even after white-hot growth industrial rents are expected to stay steady with vacancies peaking within the year. 2) Consumer spending stays strong for services, travel and recreation You can’t keep the U.S. consumer...
The 10 most important charts in US real estate

FOMC Holds Rates, Revises Projections
The Federal Open Market Committee (FOMC) voted to hold their federal funds rate target in the 5.25 to 5.5 percent range on Tuesday. The move was widely expected, with financial markets pricing in a mere 1.8 percent chance of a rate hike prior to the...
FOMC Holds Rates, Revises Projections

Frank Capra’s Timeless Vision of American Exceptionalism
As Thanksgiving morphs into Christmas, the December television schedule will be filled with the usual assortment of Christmas classics, not the least of which is Frank Capra’s It’s A Wonderful Life. I’ve lost count of the number of times I’ve seen his movie and unlike...
Frank Capra’s Timeless Vision of American Exceptionalism

Living in the vortex of the urban doom loop? Not quite…
“Is New York okay?” That was the refrain I heard repeatedly on a recent trip back to London. Perceptions of New York have become profoundly negative in the wake of COVID-19; tales of urban decay and prophecies of an office market apocalypse now dominate...
Living in the vortex of the urban doom loop? Not quite…

Argentina’s Canary in the Coalmine
A recent issue of The Economist contained a deep irony. The newspaper’s “Finance & Economics” section featured an article on the US economy. After expressing happy surprise that the US economy continues to grow despite headwinds, the article expressed two...
Argentina’s Canary in the Coalmine