Investors and investment managers overseeing global real estate portfolios face constant challenges due to an uncertain global macroeconomic environment and structural shifts within the economy. While in the 2010s, the impact of online-retail and historically low interest rates kept managers...
The Analyst
Investment themes and trends
LATEST ARTICLES
The Analyst
The Orwellian Nightmare of Central Bank Digital Currencies – And Why It Won’t Happen
The idea of Central Bank Digital Currencies (CBDCs), money that governments and their planners will be able to programme, rightly fills many of us with an Orwellian sense of...
The Analyst
The secret to growth is… how the US has outperformed the OECD
More people, more growth Longtime Random Walk readers know that babymaking and people-growth (and/or the lack thereof) are very important things. It’s pretty simple, really: if...
The Analyst
Why targeted tariffs are more effective than broad tariffs
Something the Trump administration should probably think about. Trump is about to be back in the White House, so tariffs are back on the menu. Actually they never left —...
The Analyst
Commercial real estate turning a corner (and other real estate charts)
Commercial real estate turning a corner? CMBS special servicing rates keep rising (and that’s good) net-new distress is smaller conditions are getting Sloos desiderata on REITs,...
The Analyst
Five trends shaping the real estate capital markets in 2025
With the election over and JPow cutting interest rates, many are hopeful that 2025 will see the floodgates open for the real estate capital markets, releasing the dry powder...
The Analyst
Six charts no one expected to see when rates went up
Just some mysteries from the world of borrowing, risk, and price signals. And we’re back, after a marathon Jewish holiday season. lossmaking smallcaps increase (and the crowd...
The Analyst
Why America’s future could hinge on Elon Musk
“With great power comes great responsibility.” — Spider-Man“No God. The only man in the sky is me.” — Homelander I often remark on how much the modern world resembles the...
The Analyst
Is trying to solve the housing crisis just masochism?
The rent is too damn high. So it’s natural that many entrepreneurs, socially-conscious investors, and real estate operators want to solve the housing crisis by building and...
The Analyst
Traffic, commuting and WFH
back to the [coffee] grind hybrid reigns supreme, but some blacksiding at the water cooler 10 best commute times congestion winners and losers . . . woe to Denver Congestion on...