This week on Looking Backwards Looking Forwards:
1) Landlords in trouble with the empty office spaces: Brookfield DTLA Fund Office Trust, a fund that owns office towers in downtown Los Angeles disclosed that it has defaulted on loans related to a pair of office skyscrapers in downtown LA.
2) Lebanese Protesters Start Fire Outside of the House of the chairman at the Association of Banks in Lebanon
3) What if inflation doesn’t come down, yet the economy tanks anyway? In the light of the stats that came out this week: The producer price index rose 0.7% vs an expectation of 0.4%. The dollar and bond yields both started moving higher and the Philadelphia Fed’s manufacturing index plunged to -24.3, far beneath the -7.8 estimate.
4) Another sudden resignation from politics, this time the first minister of Scotland. She left in the midst of the independence from the UK issue.
5) XFL and USFL are getting rid of what they call the worst rule in football
6) We found an example of the Rich Hypocrisy for you: Barry Sternlicht calling Fed rate hikes “self-inflicted suicide” and that he would welcome 3 to 4% inflation.
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