We are witnessing more and more vacant commercial real estate space. How many office buildings or retail buildings with vacant space really have to be vacant? Too many asset managers expect to re-lease expired leases at the same or higher rent. This type of thinking is either the product of a masochistic, naive or foolish […]

If only we would fix the present mark-to-market fair value accounting (FVA) standard, than everything would fall into place, and our economic problems would disappear. That’s the position many executives, associations, and companies are taking concerning FVA. What is mark-to-market FVA? It takes the current market value of an asset and adjusts it accordingly on […]

Reflecting on “Investors See a Glimmer and Shares Soar Worldwide” in the March 13 New York Times, the recent one-week stock market run-up has some of the experts (the same ones that missed the whole downturn) tripping over each other telling us the worst is over. They say we’re on the way to a 4th […]

Following is an electronic copy of the Friday 13th Wall Street Journal Review & Outlook, titled “Of Bernie and Bonuses.” The third paragraph states “At one end of his trail of victims are people of modest means who misplaced a natural instinct to trust. Their losses shock and madden everyone. At the other, among the […]