What I'm Reading Leading Indicator? Amazon's rapid expansion in both labor and capital capacity over the past couple of years turned out to be a leading indicator of inflation. The overbuilding and over hiring comments in its latest earnings report may be a good indicator that inflation is slowing. Bloomberg...
December 6th – Pancaked
What I'm Reading Pancaked: The yield curve has been flattening quickly with short rates rising and long rates falling. This could leave the Fed in a bind as the yield curve trajectory suggests that it could be inverted before a hiking cycle ever begins. All Star Charts Interesting to note...
July 23rd – Drying Out
What I'm Reading Drying Out: The western mega-drought is forcing cities with water shortages to issue building moratoriums. Ironically, many of the areas hardest hit by the the drought are also experiencing the largest housing and population booms. The forced shutdown of development will force even more people into the...
April 22nd – Sleight of Hand
What I'm Reading Sleight of Hand: WeWork is once again attempting to go public, this time via SPAC merger. However, the co-working company's aggressive projections and unconventional financial metrics are once again raising investor concerns about its viability. Globe Street More of the Same: When it comes to people moving during...
March 17th – Lifeline
What I'm Reading Lifeline: Of the three relief bills passed by Congress over the past year, the latest is probably the most beneficial to the CRE industry. Here's a summary of what the bill contains that will help the industry: $40 billion for rental assistance $25 billion in restaurant industry...
February 1st – Prophecy
What I'm Reading Prophecy: Starting back in the summer of 2020, whenever people ask me what I think will end the market mania, my (somewhat tongue in cheek) answer has been that the market top will occur once WeWork is taken public via a special purpose acquisition company (SPAC) merger. ...