Nick Corbishley

Lockdown Hits UK Commercial Real Estate, Retail Landlords & Their Investors: Most Property Mutual Funds Suddenly “Gated”

Never before have so many property funds shut the doors on so many property investors.More

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A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess

Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.More

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The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions

“We are temporarily a company with no product and no revenue.”More

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Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19

Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.More

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Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout

During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.More

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New Currency Crisis Dawns: Mexican Peso Plunges to Record Low Against the Dollar

The flight into US dollars! Dollar-denominated debts of Mexican companies weigh heavilyMore

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After Epic “Run on the Funds,” 10 More Real Estate Mutual Funds Shuttered as COVID-19 Batters UK Property Values

Triggered by the belated realization of the risks in mutual funds that offer daily liquidity but invest in illiquid assetsMore

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European Banks Face Financial Crisis 2, Shares Hit 1988 Lows

The ECB promised “to monitor markets closely.” Then it came out with a new bond buying binge.More

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Welcome to Dystopia: My Life Under Lockdown in Spain

Most importantly, we have our health (touch wood) and each otherMore

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Mall Giant Intu Warns of Bankruptcy: First, the Meltdown of Brick & Mortar Retail, Now COVID-19

Local governments end up buying dying malls to keep them from becoming dead zones.More

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