The training wheels are coming off the economic bike as the Fed begins its phase-out of quantitative easing this fall. Locally based Tom McNearny, chief investment officer at Transwestern, has just issued his Briefing, the National Economy at a Glance, in which he likens the “unwinding” of the government stimulus to a global tsunami and explains how that is “finally at the forefront of the capital markets discussion.”
In his report, he notes: “The landscape changed suddenly and dramatically when Ben Bernanke announced that the Fed would be maintaining its low interest rates indefinitely, but is expected to start removing the quantitative easing sometime late this fall with full anticipated phase-out by mid-2014.”
What does all of that mean for commercial real estate?
Read more...The Tsunami of Government Stimulus - Daily News Article - GlobeSt.com
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