Bitcoin bounces back after being ruffled by SEC confirmation hearing

Bloomberg

Shopping center values ​​drop 60% after revaluations triggered by bad debt

(Bloomberg) – U.S. shopping center values ​​fell 60% on average after valuations in 2020, a sign of more pain ahead for commercial properties even as the economy emerges from lockdowns imposed by the pandemic. About $ 4 billion in value has been wiped out of 118 retail properties with commercial mortgage-backed titles after revaluations triggered by payment defaults, payment defaults or foreclosures, depending on data This average drop – which reflects the change in value since the debt was created years ago – may underestimate the losses when properties are put up for sale because so many actual retail businesses …

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