US interest payments on debt outpace annual defense spending
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is most likely the beginning stage of a trend, and unless no…
China’s ongoing battle
China’s biggest state-owned banks are selling dollars in attempt to slow yuan’s rapid depreciation, according to Reuters. Also an easing of cross-border financing rules was announced, making it easier for…
CRE Dominos Fall: Starwood Defaults On $212.4 Million Atlanta Office Tower
Starwood Capital Group has defaulted on a $212.5 million mortgage backed by an office building in Sandy Springs, an ultra-wealthy suburb in northern Fulton County, Georgia, just above Atlanta. The…
