Michigan continues to fall behind other states in per capital personal income. Although Michigan had the 16th-highest per-capita personal income in 1999, as of 2022, it ranked 39th overtaken by states like Ohio, Wisconsin and Indiana. In a recent report… Continue Reading  

Pounded by remote work and declining tenant demand for space, the US office sector experienced an office vacancy rate of 18.4% in the third quarter of this year. Although return-to-office mandates are increasingly common, companies are rapidly downsizing their offices…. Continue Reading  

Recent changes in the bond market have spooked investors and renewed fears of a recession, At the center of the storm is the 10-year Treasury yield, one of the most influential numbers in finance. The yield, which represents borrowing costs… Continue Reading  

Over the past 18 months, the Fed has raised the Federal Funds Rate 11 times for a total of 525 basis points. Looking back at the past 25 years, the Fed has adjusted rates across nine economic cycles. Sue Koss explores this… Continue Reading  

Is a commercial real estate crisis on the horizon? Roughly $1.5 trillion in commercial real estate debt is due by the end of 2025, and steeper borrowing costs, coupled with tighter credit conditions and a decline in property values, have… Continue Reading  

Having trouble getting a loan? The recent failures of regional banks, like Silicon Valley Bank and Signature Bank, have caused banks to pull back from lending. This “credit crunch,” which totaled nearly $105 billion in the last two weeks of… Continue Reading  

Despite a strong rebound following the pandemic, U.S. hotels will likely struggle in 2023. The industry is currently dealing with pressures from rising interest rates, increased operational costs, and looming recession worries. If predictions of a mild recession come true,… Continue Reading  

After a summer of widespread flight delays and cancellations, the airline industry may soon have to answer for the chaos its caused consumers. The U.S. Department of Transportation has promised stern action if travel conditions do not improve. But for… Continue Reading  

Current macroeconomic factors such as sluggish economic growth, increasing inflation, geopolitical events and some continued disruption from COVID are becoming increasingly challenging for many US companies. These factors are significantly impacting the US economic climate and current state of the… Continue Reading  

It has been seven years since the City of Detroit emerged from the largest municipal bankruptcy in the history of the United States. The bankruptcy allowed Detroit to come out leaner by shedding $7 billion in debt.  COVID-19 and the… Continue Reading