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Search resuls for: "suede loafers"


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☆ Are office buildings the next 'Big Short' or the next widow-maker trade? The trader behind the ubersuccessful mall short shares his playbook for making money without flaming out.
  + stars: | 2023-08-17 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +16 min
Dan McNamara's Polpo Capital is shorting office real estate, a risky move that could be lucrative. If you're looking for a doomsday vision of commercial real estate, you can find it there. "I don't think this is the 'Big Short,'" McNamara told me. This doesn't mean he doesn't have a game plan to make money off cultural shifts that could forever change the state of commercial real estate. Lucas Jackson/ReutersWhere he's going longOne risk of shorting real estate is that it's more susceptible to what's known in real-estate circles as "extend and pretend."
Persons: Dan McNamara's, McNamara, it's, It's, shorting, Carl Icahn, Jim Chanos, Brendan McDermid, Dan McNamara, McNamara's, Braver Stern, Dan McNamara McNamara's, suede loafers, McNamara didn't, Josh Nester, Polpo, he's, Morgan Stanley, Kamil Sadik, Lucas Jackson, Manus Clancy, You've, David Tepper's, Trepp's Clancy, Clancy, David Tepper Organizations: Central Park, New, Polpo, New York University, Columbia, Kynikos Associates, Enron, Asset Management, Reuters, UBS, Co, Societe Generale, Securitized Credit Partners, Credit Suisse, MP, Fund, Bloomberg, of America, Simon Property, Federal Locations: Manhattan, Sixth, Central, New York City, New York, MatlinPatterson, America, China, Italy, Westchester , New York, Tribeca, York, Westchester, Waterford , Connecticut, Baltimore, San Francisco
☆ What Clothes to Buy When You’re Expecting a Recession
  + stars: | 2023-01-13 | by ( Jacob Gallagher | ) www.wsj.com   time to read: 1 min
At Pitti Uomo, the world’s largest men’s fashion trade show, vendors are betting that even in the face of economic downturn, deep-pocketed luxury clients will still have plenty of capital to splash around on alpaca-wool cardigans and suede loafers. FLORENCE, Italy—At the semiannual trade show here that kicks off men’s fashion week, buyers, editors and orange-fedora-wearing hangers-on paced suit-filled booths on Tuesday as 4,000 miles away, the World Bank slashed economic forecasts. Global growth, the bank predicted from Washington, D.C., will slow to 1.7% in 2023, down from an estimate of 3% growth in June—leaving only the narrowest margin to avoid recession.
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