“If you discover at a later stage that there was Mafia involvement, how do you undo what you’ve already done?”More
“Prolonged Period of Risk to Institutional and Retail Investors of Further – Possibly Significant – Market Corrections”
European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.”More
Work from Home Gets Entrenched: Embraced by Workers & Businesses in the UK, it’s Upending Real Estate, Retail, Restaurants, Bars, Cafés
“The contract between society and business has changed forever. The office will become a convening place where you get teams together, but the work will be done in people’s homes.”More
€22Bn Hedge Fund H2O, Majority-Owned by Natixis, Ordered to Freeze Funds. Fishy Smells Emanate.
“Valuation uncertainties.” And the trail of the Windhorst bonds.More
Office Towers in Hong Kong Battered from All Directions: Big Haircuts for Investors amid Falling Rents and Rising Vacancies
As so often, this started well before Covid, but Covid is speeding up the process.More
Small Landlords, Tenants, Lenders, Governments Grapple with “Extend-and-Pretend Forevermore”
Most of the fallout from the Pandemic has been postponed in the UK. But then what?More
Australia’s Construction Industry Faces “Bloodbath,” Says Lobbying Group Clamoring for Bailout, after Riding up the Housing Bubble
Alas, the housing construction bubble burst long before the Pandemic.More
How Negative Interest Rates Sap Consumer Spending by an Ever Larger Part of Consumers
Over-65s, a large and growing demographic in Europe, are cutting their spending at worst possible time as NIRP eats into savings, pensions, investments, and annuities.More
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank
Big Gamble that was hot for years has gone sour after Turkish lira’s plunge and surge of defaults on bank debts denominated in foreign currency.More
Bailout Air Europa, to Be Acquired by IAG — Owner of British Airways and Spain’s Top 2 Airlines — Doesn’t Pass Smell Test
IAG seeks aid from Spain to buy Spain’s #3 airline for a near-monopoly in Spain. The family that’s selling Air Europa seeks that bailout too.More
Nick Corbishley 