The stimulus the country urgently needs is not experimental and dangerous monetary policy.”More
Green-Energy Zombie Abengoa Threatens to Default 3rd Time Since Enron-Style Collapse, Blames Covid, Begs for Fresh Bailout
In the forlorn hope the world’s biggest green-energy zombie will somehow survive the oncoming storm.More
With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives
The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE.More
Third Mega-Crisis in 12 Years: Eurozone Economy Plunges at Fastest Rate on Record
First the Global Financial Crisis, then the Euro Debt Crisis, now the Big One.More
Non-Paying Tenants Trip Up Land Securities, Once UK’s Largest Commercial Property REIT. Stock Plunges
The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.More
Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market
Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses.More
Another SoftBank Unicorn Gets in Trouble: “Reverse Factoring” Specialist Greensill
“Its track record of disrupting traditional financing” hit by fallout from client companies that suddenly collapsed under undisclosed debts. Tentacles spread to Credit Suisse.More
Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed
Luxury retail isn’t what it used to be, from Barcelona to Hong Kong.More
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level
They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters.More
Life Under Draconian Lockdown: I Can Barely See the Light at the End of this Long, Dark Tunnel
The process of reopening Spain has been dubbed, rather ominously, “Operation New Normality.”More
Nick Corbishley 