It gets costly when the entire market depends on a handful of over-hyped mega-caps.
But e-commerce is piping hot.
The dirty secret Macy’s is hiding.
Will this Scheduled Bloodbath in Corporate Debt Deter the Fed?
“Everyone is worried where things are headed.”
Because that’s where the money is, on paper. But it’s not where the market is.
By city, down to the neighborhood.
Construction boom, flood of new high-end apartments, not enough demand, rising vacancy rates, and the biggest concessions since the Great Recession.
They’re settling in urban centers. In many ZIP codes, they’re already the majority. And they spend their money on rent.
Defying my dictum that nothing goes to hell in a straight line.