Commercial real-estate transactions in NYC plunged to the lowest since 2009 in Q2, without much sense of a revival in the second half as no one knows how to value the properties right now. t.co/KOizIHfVxz
— Lisa Abramowicz (@lisaabramowicz1) July 6, 2020
Real Estate Prices Fall Sharply in New York: NYT
Since the coronavirus shut the city down, the number of sales in Manhattan dropped 54 percent and the median price fell to $1 million.
t.co/zMr848JuyX pic.twitter.com/Jxwv71RX5y
— Russian Market (@russian_market) July 6, 2020
RETAIL BANKRUPTCY pic.twitter.com/MLPtzo37l0
— Win Smart, CFA (@WinfieldSmart) July 6, 2020
BANK ALLOWANCES pic.twitter.com/kzLby4jkqh
— Win Smart, CFA (@WinfieldSmart) July 6, 2020
Gundlach: Why the Dollar and the Tech Rally Are ‘Real Risks’ to Investors
The “twin deficits” created by runaway government spending and continued U.S. appetite for foreign purchases have long been seen as a negative for the greenback, the world’s most dominant fiat and reserve currency.
A Word About that Historic Bounce in US Services PMIs: No, the Service Sector Didn’t Hit New Highs. It Stopped Plunging
One Purchasing Managers Index said services fell further in June, but more slowly; the other said activity started climbing out of the hole. But both agree: Jobs dropped further.