Huffington Post…
Earlier this week, the Federal Reserve Bank of New York published a blog post about the âmistake of 1937,â the premature fiscal and monetary pullback that aborted an ongoing economic recovery and prolonged the Great Depression. As Gauti Eggertsson, the postâs author (with whom I have done research) points out, economic conditions today â with output growing, some prices rising, but unemployment still very high â bear a strong resemblance to those in 1936-37. So are modern policy makers going to make the same mistake?
Read more:
Krugman: ‘Strong Chance’ U.S. Economy Will Worsen
Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
Tagged as:
Business News,
federal,
Federal Reserve Bank,
federal-reserve,
Huffington Post,
make-the-same,
points-out,
policy-makers,
premature,
same-mistake,
some-prices,
still-very,
the-premature,
week
REIT Wrecks is a product of the mortgage maelstrom and the high yield investment opportunities it has created in REIT stocks & commercial real estate . The stylized phoenix in our logo betrays our bias. REIT investing, news and analysis. But that which still smokes remains … As Sternlicht points out, not all banks are able to hold on, and some owners are also being forced to sell, but the only real game in town when it comes to distressed assets is still FDIC loan sales …
See the rest here:
The State of Commercial Real Estate: Sternlicht and Zuckerman Have …
Tagged as:
betrays-our,
bias,
high,
loan sales,
maelstrom-and,
owners-are,
points-out,
sternlicht,
still-smokes,
wrecks
