Traffic down 95%. To run out of money by April.
This is not your grandmother’s “yield curve control.” There is only one thing that could force this ECB absurdity to end: a big bout of inflation.
And who is going to pay? In the twisted world of “leaseholders” and “freeholders.”
Bankruptcies, glut of hotels for sale, few buyers, prices plunge. Nobu, de Niro, and Teper take big loss on sale of luxury hotel Nobu Barcelona that was open for only six months.
Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
“Unprecedented space across the West End”: REIT Shaftesbury PLC grapples with a new reality.
None of the gloomiest predictions of how a Hard Brexit could impact UK expats in the EU has come to pass. But there are complications.
Some property owners are more exposed to the fallout than others.
Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
It shouldn’t “create risks to the stability of the financial system,” which is soothing to know.