cre meltdown: Fed's William Emmons on Real Estate and Economy
- 04/07/10 03:25 PM
Federal regulators and economist have been warning the industry, the public, and the administration for a good many months now about the devastation a commercial real estate (CRE) meltdown could leave in its wake.On Tuesday, a gentleman personifying both factions of these red-flag-raisers – William Emmons, economist and assistant vice president at the Federal Reserve Bank of St. Louis – spoke to attendees at The Five Star Institute’s Commercial Default 360 event in Dallas.Emmons cited three primary risks to the nation’s economy and fragile recovery: unemployment; the probability that recent high rates of productivity won’t continue; and that ever-pressing matter of … (0 comments)
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Federal regulators and economist have been warning the industry, the public, and the administration for a good many months now about the devastation a commercial real estate (CRE) meltdown could leave in its wake.On Tuesday, a gentleman personifying both factions of these red-flag-raisers – William Emmons, economist and assistant vice president at the Federal Reserve Bank of St. Louis – spoke to attendees at The Five Star Institute’s Commercial Default 360 event in Dallas.Emmons cited three primary risks to the nation’s economy and fragile recovery: unemployment; the probability that recent high rates of productivity won’t continue; and that ever-pressing matter of … (0 comments)
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