Regular readers of this column may be aware that I have an arguably unhealthy fascination with black swans. To quote the late Donald Rumsfeld, these known unknowns and unknown unknowns can be pesky…at best and pretty horrible at worst (he wasn’t
It has worked its way into our cultural gestalt that every problem deserves a solution, created, crafted, implemented and enforced by our increasingly paternalistic government. Our government, for its part, endlessly tells us that indeed, yes, it is the solution to…pretty
Things are looking pretty sweet out there right now, aren’t they? The economy seems immune to all the handwringing over jobs and inflation. The stock market is on fire. The financial community, including but certainly not limited to the commercial real estate finance
There’s an awful lot of happy talk going around about 2026. Apparently, that’s the year we were supposed to stay alive till. I surely hope the talk is right, even if it doesn’t rhyme. 2025 was a pretty darn good year for commercial real
It’s that time of year again, time for me to give out the Golden Turkeys. As usual, I wait until the Nobels are done so the Turkeys can get the attention that they deserve. I’ve been in consultation with my editorial team,
Don’t you sometimes wonder what our gloriously elected leaders, our pontifical talking heads and all those sundry government officials, political wannabes and honorable this’s and thats actually think when they say what they say?[1]
Jim Carey made a moderately
Back in the summer of 2017, I wrote, together with my partner, Stewart McQueen, a commentary entitled Direct Issuance is Here – A New Paradigm For Single Asset Single Borrower (SASB) Securitizations. Well, it wasn’t really here in the sense
I’d like to direct your attention to my ex Dechert partner (he’s not ex, I am), Will Cejudo, and his recent OnPoint about the eponymously-titled Pancake REMIC. (Regrettably, no one is paying me for this, I’ve got to figure out this influencer
Have you been thinking about the wealth tax winds blowing across Europe?[1] You should. While weather here in the US certainly moves west to east, really bad statist-inspired policies seem to move east to west. After all, Europe gave us the
Doesn’t all the happy talk about the state of the commercial real estate economy seems a bit overdone? Transactional volume is rebounding, asset prices coming back, cap rates stabilizing, interest rates coming down, spreads coming in, etc., etc…sunlit uplands as far
