If you thought the debt ceiling deal would forestall a taste of financial Armageddon, well, you obviously were wrong—but don’t beat yourself up. President Obama and lots of other smart people in Washington were of a similar mind.
The folks at Standard & Poor’s spent years giving their approval to all kinds of dubious Read More
In this week’s Observer, I wrote about Wall Street’s recent history of explicit repentance, mild semi-regret, and utter nonapologies. There has been a little bit of the first and a good amount of the third, but when Wall Street talks about what went so calamitously wrong in September 2008, the answers are usually in Read More
Kudos to Jones Lang LaSalle’s research director, Jim Delmonte, for this graph demonstrating the strong correlation between asking rents in New York City and the health of the financial industry.
"This shows the performance of the Standard & Poor’s 500 against asking rents for midtown, and you can see there’s a strong correlation between Read More