The “AAA” Lie: Why the Commercial Real Estate crash is officially worse than 2008 (A Deep Dive into the 1740 Broadway Deal)
via Macro_Untold Everyone talks about the “coming” crash, but if you look at the actual transaction logs from the last 6 months, the crash isn’t coming—it’s already here, and it’s being hidden by “Extend and Pretend” accounting. I’ve been digging …