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via city-journal.org: As power outages go, the Broadway Blackout of 2019 was pretty modest. About 73,000 customers lost power in parts of Manhattan’s Midtown and Upper West Side neighborhoods for several hours just … Read more
by WARREN MOSLER Still in contraction: China Imports Tumble in June Imports to China plunged 7.3 percent from a year earlier to USD 161.86 billion in June 2019, much worse … Read more
Lights back on after Con Ed equipment failure plunges much of Manhattan into the dark on a summer Saturday night Broadway went dark along with much of Midtown and the … Read more
S&P500's Q2 #earnings expectations continue to slide via @biancoresearch @SoberLook pic.twitter.com/G8gnVes5sg — Gregory Daco (@GregDaco) July 10, 2019 Chart suggests earnings are going negative Chart suggests earnings are going negative … Read more
via yahoo: Manhattan high-end real estate showed new signs of cooling during the second quarter, with secondary prices sliding and units staying on the market longer, according to a new report … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Retail space asking rents plunge as landlords try to fill scores of vacant shops. The average asking rent on Madison Avenue between 57th Street and 72nd … Read more
via Zerohedge: The Fed loves to tell us how necessary and vital inflation is for economic prosperity, but in the case of midtown Manhattan’s “prime” retail real estate, it is … Read more
New York City is set to become the litmus test for the rest of the nation whether or not a “congestion toll” will help stop gridlock and raise money for … Read more
via reason: Manhattan District Attorney Cy Vance spent nearly $250,000 over the past five years from a state asset forfeiture fund on fine dining, first-class airfare, and luxurious hotels, according to … Read more
They should have never sunset the glass-steagall ACT we would have never been in the mess to begin with in 2008 for now!! MS
via CNBC: Manhattan real estate had its worst first quarter since the financial crisis, according to a report from Douglas Elliman and Miller Samuel. Total sales fell 3 percent in … Read more
via nbcnewyork: A woman has been rescued after being trapped in a Manhattan elevator over the weekend, officials say, and reports indicate she could have been there for days. The woman … Read more
Do you think that there will be a new upswing in real estate in the spring? Or is the slowdown here to stay for now? Real estate is having a … Read more
A national housing crisis is brewing. What actions can policymakers taketo head it off? Housing is sputtering. Home sales, home-building and homeownership have gone flat, and the rise in home … Read more
by Chris Sure the trophy property market is soft, but the other headlines are sensational so far… Like this one from Sept 21 in Business Insider: New York City homeowners … Read more
via sdbernard: [OC] Animation of Manhattan luxury property data from dataisbeautiful Animation showing just how many new luxury skyscrapers are being built over the next three years. A total of 3.5 … Read more