Lenders stopped granting extensions, and a Boston office tower that defaulted sold back to its owner at a 68 percent discount. Meanwhile, the investors who funded this year’s credit boom began to hesitate. Who refinances what comes due next?
It’s almost impossible to spot trends reading the news as it unfolds. But when you look back at the prior week’s stories, patterns can start to emerge. Read this week’s Signal vs. Noise analysis for perspective on what the previous week’s news means for your organization and its investment activity.
The noise
Monday to Saturday brought 35 news emails carrying about 241 separate stories. Twenty of those stories were repeats from the week before, including the ones citing the Manhattan trophy vacancy figure and the industrial renewals headline. Most of the rest was the ordinary machinery of the market: single trades, appointments, wealth adviser mergers and pension commitments without terms.
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