Laurent Lequeu
Self Employed Independent Financial Consultant
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While investors' focus has shifted away from Commercial Real Estate, bad news continues to pile up as real estate-related companies unload properties. Last week, real estate giant Related Companies sold the property at 321 W. 44th St., New York City, for less than $50 million. Not only is this a 67 percent discount from the nearly $153 million that Related Fund Management paid for it in 2018, but also, the lenders, including Canadian Imperial Bank of Commerce, agreed to a ‘short sale.’
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Laurent Lequeu
Self Employed Independent Financial Consultant
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For those who have forgotten 2008 or were too young, a ‘short sale’ is when the lender agrees to sell a property for less than the outstanding amount on the mortgage. The owner loses everything, and the lender takes a large loss. In this case, the repayment to the lenders was more than cut in half, as the property's mortgage exceeded $100 million.https://www.lev.co/blog/what-is-a-short-sale-in-commercial-real-estate
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Catherine McKee Sienkaniec
Book Author | Macroeconomic Consulting, Published Author, Maven, Trader
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The CRE problems are worldwide.
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Andres Parra Restrepo
Principal-CEO Global Operations at Imagio Enterprises Group | Bridging gaps in communities through strategic relationships, with Innovative Technologies
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The House of Cards effect at it’s best!
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Laurent Lequeu
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Great analysis from Jacques Baud and Afshin Rattansi on how Switzerland has lost its ancestral neutrality, which will impact the country's economy and its position in the developing mercantilist global south.https://lnkd.in/ghiAmAD4
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Laurent Lequeu
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The desperate warmongers in Brussels and Washington often argue that Russia's agenda is to conquer Europe like Nazi Germany did in the 1940s. However, this narrative doesn't hold up when examining the numbers. In the year before the Ukraine conflict erupted in 2022, Russia's military budget was $65 billion, just 3.5% of its GDP. Furthermore, there was no significant military build-up in the years prior, which typically precedes historical aggressions. From 1992 to 2022, Russia's average military spending was 3.8% of GDP, with a low of 2.7% in 1998 and a high of 5.4% in 2016.
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Laurent Lequeu
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The tragic events on Sunday in Sevastopol and Dagestan illustrate the desperate attempts by NATO-related warmongers to provoke Russia into escalating its military operations. Scott Ritter tahnks for highlighting what is truly happening behind the mass media propaganda.
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Laurent Lequeu
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As the northern hemisphere celebrated the summer solstice, Nvidia, which had become the largest market cap on earth earlier in the week, recorded its first negative week since April.
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Laurent Lequeu
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Investors should ultimately remember that they should not believe in anything just because they have heard it or because it was spoken and rumoured by many, but becausethey have done their own analysis to discover the truth.
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Laurent Lequeu
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Nigel Farage is one of the few politicians in Europe speaking the truth about the agenda of the Brussels warmongers who have lied to all of us about the war in Ukraine and so many other subjects to satisfy their own malthusian agenda.
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Laurent Lequeu
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Unless you lived under a rock over the past few days, you must already know that June 2024 will most likely be remembered in history books as the month of the return of political uncertainties in Europe and in France in particular. Despite being part of Europe’s economic core, France now exhibits debt and deficit dynamics worse than those of periphery countries like Greece, Italy, Spain, and Portugal.
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Laurent Lequeu
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As investors remain lured by the ambient ‘Forward Confusion’ narrative, the S&P 500 and Nasdaq continued to make new all-time highs last week. Meanwhile, the short interest on SPY and QQQ ETFs has been hitting successive record lows.
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Laurent Lequeu
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🤵 The Macro Butler Weekly Digest 🤵🌐 Despite increasing signs of consumer-led stagflation, bulls, brainwashed by the ambient 'Forward Confusion,' are complacently walking on thin ice. 🌐 Read more here: https://lnkd.in/gR5anXAy
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Laurent Lequeu
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Great analysis of the danger of escalating wars in Europe and the Middle East, as well as the risk of another proxy war on the Korean peninsula.Thanks Andrew Napolitano for opening our eyes about what lies ahead. https://lnkd.in/g5p5fWKv
Col. Douglas Macgregor : IDF vs. Netanyahu https://www.youtube.com/
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