US office CMBS ...
German slowdown ...
Hot topic @ PREA this week ...
MFR in US has some supply issues as pipeline comes through and vacancy picks up ...
Japan goes one way the Swiss go the other ...
Very clear evidence of the extend and pretend effect in the US …
End of the correction in sight?
Major theme for me ...
How about that for a milestone ...
Productivity ...
Does accrue linearly as firms innovate - I think firms accrue it in 'reserves' and then they apply it under duress and when their ability to add more labour is acutely constrained ... then firms use their innovation 'reserves' ... and grow output per employee (either by shedding staff for the same revenue or not adding more staff when revs increases) ....