Executive Summary During the COVID pandemic, many companies implemented work-from-home strategies, resulting in the realization of needing less office space. The impact of reduced occupancy (see first graph) could be an issue for owners and financiers of commercial real estate. Much of which is highly leveraged with [...]

Executive Summary Last week saw the collapse of Silicon Valley Bank and Signature Bank. Over the weekend, regulators and government officials scrambled to forge a rescue deal for Credit Suisse, through a purchase by UBS. Credit Suisse shareholders will still suffer losses. The banking and financial system [...]

Executive Summary Last week many heard about the Silicon Valley Bank failure. Over the weekend, a joint statement (included below in The Details) was released by Janet Yellen, Secretary of the Treasury, Jerome Powell, Federal Reserve Board Chair, and Martin Gruenberg, FDIC Chairman. This letter would also [...]

Executive Summary Generally Accepted Accounting Principles (GAAP), the standards for financial reporting, used to be used in financial analysis. However, now the financial industry prefers “adjusted” or “forward” earnings as they allow for manipulations, justifying overpriced stocks. One can see in the second graph below the divergence [...]