Commercial Real Estate Heads South
http://globaleconomicanalysis.blogspot.com/2007/11/commercial-real-estate-heads-south.html
While most eyes have been glued to problems in residential housing, commercial real estate has suddenly taken a steep turn south. Evidence can be found in charts of commercial real estate credit default swap indices. Credit conditions are deteriorating rapidly with most tranches are steeper than at the mid-summer credit crunch.
MishMike Shedlock / Mish
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