Thousands of American communities that had local newspapers in 2004 now have no news coverage at all, while remaining papers are increasingly becoming units within an umbrella company, with no direct stake in community reporting.
The average mall vacancy rate has reached an eight-year high, inching up 0.1% from last quarter to 9.4%, as retailers have already announced or completed a record 11,000 store closures in 2019...
Greece still faces many headwinds.Investments have not increased sufficiently, savings are going down, and the labor force is not only reduced compared to previous years, but highly educated Greeks have emigrated...
The volume of WeWork loans in CMBS, post 2010, is approaching 1% of the entire CMBS market and about 4% of loans backed by offices, so that exposure is meaningful.
As night follows day, another banking crisis will rapidly escalate... on a greater scale than ten years ago. And the evidence from failures in the dollar repo market in recent weeks points to the banking system beginning to unravel now.
“In a global system of failed monetary policies and a long and difficult path to fiscal policy, there is only one other tool left in the box for the global economy and that is lower the price of global money itself: the U.S. dollar...”
