Articles About Economics

Author:
Michael Alter
Posted:
10.22.2008

Paul Volcker: U.S. Is in a Recession

“It’s not going to be a problem in the short run.  Inflation doesn’t flourish in the face of recession,” said Paul Volcker, who served as chairman of the Federal Reserve from 1979 until 1987.  “It’s something we have to worry about when we get out of this recession.  I have been around for a while.  […]

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Author:
Tom Silva
Posted:
10.21.2008

The Federal Government Takes First Steps to Bail Out Banks

The Treasury Department is spending the first $250 billion of the $700 billion rescue bill that Congress recently approved in an attempt to defuse the financial crisis that has dominated the headlines for weeks.  According to an article on GlobeSt.com the move – which partially nationalizes the banking system – is seen by some as […]

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Author:
Tom Silva
Posted:
10.17.2008

Housing Prices Decline Sharply During July

Housing prices in the United States plunged a record 16.3 percent during July, compared with the previous year.  According to Standard & Poor’s/Case-Shiller Home Price Indexes, this indicates an ongoing home-price decline now in its second year. The S&P/Case-Shiller composite index of 20 metropolitan areas declined 0.9 percent in July, when compared with June.  That […]

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Author:
Tom Silva
Posted:
10.16.2008

Chicago Spire Construction Delayed

A sign of the times from GlobeSt.Com:  Construction of the high-profile Santiago Calatrava-designed and engineered Chicago Spire condominium tower has been postponed – a victim of the ongoing economic slowdown.  The building is still in its infrastructure-construction phase, with the neighborhood’s utilities undergoing updates to support the structure and its residents.  With work at a […]

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Author:
Richard Gatto
Posted:
10.02.2008

Lenders Get Green

Marketing green is a new step in the emergence of sustainability.  In a tight credit environment when rates have climbed and LTVs have dropped, green may offer a way to ease the underwriting criteria on a deal. The green-building revolution is spreading, and the underwriting community has embraced sustainable design because it enhances marketability and […]

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Author:
Pat Gallagher
Posted:
09.24.2008

High Costs Could Impact Shipping Routes

Two trends in international trade worth highlighting: American exports are booming, thanks to the dollar’s current weakness.  This considerable increase in volume has made it virtually impossible for U.S. manufacturers to get space on container ships within a four-week window, especially for products shipping from the ports of Los Angeles or Long Beach to any […]

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Author:
James I. Clark III
Posted:
09.11.2008

Fannie, Freddie and the American Taxpayer

As the United States government commits a bare minimum of $100 billion of taxpayer money to bail out Fannie Mae and Freddie Mac, the final reckoning depends on how effectively Washington runs the mortgage powerhouses. According to the Christian Science Monitor, with the sheer magnitude of Fannie and Freddie – with $5 trillion in home […]

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Author:
Richard Gatto
Posted:
09.03.2008

Economy Grows 3.3 Percent During 2Q

Contrary to the recent grim news about home foreclosures, bank failures, the credit crunch, rising unemployment rates, soaring oil prices, inflation and stock-market jitters, the United States’ economy — surprisingly — grew by 3.3 percent during the second quarter of 2008. The economy grew at its fastest pace in nearly a year, thanks primarily to […]

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Author:
Tom Silva
Posted:
08.01.2008

2nd Quarter 2008 Economic Update

The 2nd quarter of 2008 ended with a slight economic rebound – an extremely lethargic one – that raises new fears of a recession.  The Commerce Department reported that the GDP increased at an annual rate of just 1.9 percent from April through June.  Although an improvement over the feeble 0.9 percent reported during the […]

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Author:
James I. Clark III
Posted:
06.16.2008

Capital Markets

One of the biggest issues we’ve faced is the stability of the capital markets, which are slow but showing some signs of life.  You have to look closely, but there are some positive signs.  At the end of March, two office properties sold for more than $500,000,000 each.  These included the UBS Tower in Chicago, […]

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