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Monthly Archives: February 2017
Commercial mortgage backed securities heading south
As I have mentioned several times over the past year (see:‘Genius’ fails again and Commercial realty loan defaults booming, for just a couple), the retail sector is dramatically over built and mean reverting in North America. As stores close, mall … Continue reading
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“It’s the economy dummy!”
David Stockman suggests President Trump might best spend some time actually addressing economic issues instead of the administration’s travel ban for immigrants from Middle Eastern countries, which Stockman called “a giant misfire:” “Trump was elected because flyover America is hurting … Continue reading
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Glut of high-end homes growing
For several years we have been pointing out that demographic trends are turning away from high-cost, high-maintenance housing, in favor of lower cost, more efficient, and easier-to-maintain housing. In Canada especially (and many other countries) this is happening as home … Continue reading
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