"..By seizing Russian foreign exchange reserves, the United States signalled to the rest of the world that U.S. dollar reserves—until then thought to be as good as gold—were only safe insofar as a country’s foreign policy was not disapproved of by the United States. Countries around the world realized that holding U.S. dollar reserves and assets now came with serious risks and started to look for alternatives...."
I’m in the CRE space. The lunatics who grossly overpaid for development sites or buildings should suffer the consequences. No more of this “privatize the profits, socialize the losses” nonsense.
"There’s a thread I saw this morning from a director of the New York Fed calling for some sort of (you know governmental) program to bail out CRE bagholders. I’ve been saying this is coming for a long time. Barry Sternlicht needs ZIRP and 18% rent hikes" - we knew it....and I believe FNMA/FHLMC will get called in to help as well.
"But I'm still fond of you - ayo"
"..By seizing Russian foreign exchange reserves, the United States signalled to the rest of the world that U.S. dollar reserves—until then thought to be as good as gold—were only safe insofar as a country’s foreign policy was not disapproved of by the United States. Countries around the world realized that holding U.S. dollar reserves and assets now came with serious risks and started to look for alternatives...."
~ https://www.theamericanconservative.com/the-dollar-at-the-end-of-history/
I’m in the CRE space. The lunatics who grossly overpaid for development sites or buildings should suffer the consequences. No more of this “privatize the profits, socialize the losses” nonsense.
I think a number of sober CRE people like yourself feel this way, they just don't get on CNBC.
I guess the question is, will it ever change? can it? god knows it needs to.
We'll see. I didn't think he'd go to 5%.
Agustin Carstens looks *exactly* like what he represents.
"There’s a thread I saw this morning from a director of the New York Fed calling for some sort of (you know governmental) program to bail out CRE bagholders. I’ve been saying this is coming for a long time. Barry Sternlicht needs ZIRP and 18% rent hikes" - we knew it....and I believe FNMA/FHLMC will get called in to help as well.
Gee, it’s almost like there’s two sets of rules out there.
I know it's become blasé to complain about the two-tier justice system, but wow.