When Should We Start Welcoming In The Disappointment Phase?

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As Malls Continue March to Extinction, Commercial Property Index Falls

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“Leverage is why the Fed has been worried about the bubble in CRE.”

Job Openings Fall 176,000, Led By Food Service & Construction Workers

The latest JOLTS report showed an unexpectedly large contraction in the labor market, as the number of job openings dropped from a downward revised 6.228 million to 6.024 million, a 176K slide, as the series becomes increasingly volatile.


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