I recently read in the Wall Street Journal that the amount of debt owed by U.S. corporations as of the end of the third quarter is a staggering $8.4 trillion, up $136 billion from the second quarter and nearly half a trillion dollars more than a year earlier. Due primarily to the QE3 policy that has kept borrowing rates low, most of this increased borrowing by corporations has come in the form of corporate bonds. So where, you ask, is the money going? Continue reading
This week’s perspective is provided by Jim O’Connell:
ONCE IN A LIFETIME OPPORTUNITY?
For all of you stable, low risk investment property guys this piece isn’t really something for you. These thoughts are for those of you who have been waiting for the opportunity to buy all that commercial real estate, that has its fair share of risk, at prices that are falling into the “no brainer” category.
This week our team worked on three more properties that were offered and sold via the on-line auction process. And although I don’t know if the vehicle really makes that much difference, the point is that distressed real estate is finally being transacted at increasing volumes. And I’m not talking about the really broken stuff that needs to be torn down and forgotten, I’m talking about decent and even good product that has fallen into a crack somehow and needs to be sold for one reason or another to give it new life. Continue reading
Posted in Auction, Capital Markets, Cassidy Turley, Cincinnati, CMBS, Commercial Real Estate, CRE, Distressed Assets, Economy (General), Finance, Institutional, Investment Transactions
This week’s perspective is provided by Tom Powers:
What I Read vs. What I Observe
Some of the highlighted articles this week take a critical look at Corporate Spending, Home mortgage interest deductions, yet another looming housing bubble, Commercial mortgage frothiness and GDP growth. The views shared are definitely worth thinking about and how they may affect our economy, and thus our livelihoods going forward. However, as realistic and understandable as the concerns outlined may be, I continue to see another side of the coin in my daily activities. Continue reading
WASHINGTON — The U.S. economy grew much faster in the third quarter than first estimated, but the latest government report laid bare the vulnerabilities for the recovery as politicians struggle to break the stalemate over government spending and tax policies. Continue reading
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
Half of the nation’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls. Continue reading
This weeks perspective is provided by Mike Sullivan:
For those of you who read our blog on a regular basis, you might recall that back at the end of August I wrote about managing expectations. Rather than remind you, I thought it would be more impactful to cut and paste a few portions of that particular post: Continue reading
The joint FASB and IASB Boards have been working toward issuing a revised Lease Accounting Exposure Draft by the end of 2012. As you may recall, these revised guidelines have been delayed several times as the Boards engaged in more outreach and deliberations. Download File »