US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed
Looking at the bloodbath in commercial real estate…..and worse is almost certainly in store.
Read more...Author Archives: Yves Smith
Links 5/12/2020
Coronavirus To Decimate Colleges and Universities
US universities are facing a world of hurt.
Read more...Early Precautions Draw a Life-and-Death Divide Between Flushing and Corona
Why two Queens neighborhoods, Flushing and Corona, had very different Covid-19 outcomes.
Read more...From the Blitz to COVID-19, Our Rulers Have Got Us Wrong
Covid-19 as yet another opporutnity for elite prejudice.
Read more...Coronavirus Magical Thinking, US Style: Contact Tracing Versus Masks
With bad coronavirus outcomes, America seems set on continuing to do dumb things.
Read more...Public Schools Collapsing into a Zoom Heap
The true cost of shuttered schools.
Read more...Links 5/9/2020
Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust
Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis
Read more...Mass Unemployment Is a Failure of Capitalism
Why unemployment is a feature of capitalism.
Read more...From Juanita Broaddrick to Tara Reade: In Forty Years Has Nothing Changed at All?
Remember Juanita Broaddrick? The fact that you probably don’t speaks volumes about our political culture.
Read more...Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019
Why negative interest rates were a bust.
Read more...Why I’m Not Keen About Telemedicine, US Style
Telemedicine has a lot of warts.
Read more...Modigliani Meets Minsky: Rising Inequality and U.S. Household Debt Since 1950
Yves here. This short piece looks at some of the intuitions about the relationship between rising household debt levels and increasing inequality. And they sure do look to be connected! By Alina Bartscher, University of Bonn, Moritz Kuhn, Professor, Department of Economics, University of Bonn and Moritz Schularick, Professor of Economics, University of Bonn. Originally […]
Read more...Retail Bankruptcies, Bailouts Put Spotlight on Private Equity
Private equity turned a lot of retailers into tenants….and now landlords are a big impediment to the survival of many businesses.
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