The juxtaposition of news story about the economy are interesting – on one hand the Federal government has declared a victory on turning around the economy, on the other, those of us in the commercial real estate business know that until there is transparency in the lenders holdings, the loans will not flow, the capital markets will not return, and the transaction volume will remain virtually non-existent.
Good news from the Albuquerque Journal (need I say anymore?)
The not so good news about capital markets in the commercial real estate world, from yesterday’s RealShare conference titled Warning Signs.
The Wall Street Journal had a dour article on the ballooning balance of commercial backed securities.
President Truman once asked an economist his opinion –the economist replied with something like “on one hand it could be good, on the other hand it could be bad” to which Truman quipped “next time bring me a one handed economist”