The term “petrodollar” emerged in the 1970s, a decade of significant geopolitical and economic upheaval. Following the dissolution of the Bretton Woods system in 1971, the U.S. dollar was no longer tied to gold, leading to volatility in global markets.
The Petrodollar System: Myths, Realities, and Future Prospects Read More »
Since 2020, housing prices have surged by an astonishing 47%, a rate that surpasses the pace of the previous housing bubble. This dramatic rise in home prices can be attributed primarily to a significant supply problem exacerbated by current economic conditions.
The commercial real estate (CRE) market is currently navigating turbulent waters, with distress rates hitting new highs. In May the CRE distress rate reached 8.49%, marking the third consecutive month of increases.
The Rising Tide of Commercial Real Estate Distress Read More »
The CEO of JPMorgan Chase, Jamie Dimon, has expressed a notably cautious stance regarding the U.S. economy, emphasizing a range of potential risks that could disrupt the anticipated “soft landing” from current economic turbulence.
Jamie Dimon’s Cautious Economic Outlook: Navigating Uncertainty Read More »
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