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Recently, we wrote a post on the potential impact of inflation on the local and national economy. After years of easy monetary policy aimed at an inflation rate of 2%, the Fed was caught flatfooted when both their measures of inflation spiked to more than double their target.
All of us in the business community must deal with uncertainty no matter what condition our local, state and national economies are in.
Some of you may remember the early 1980’s run-up of inflation that ran into double-digits. If you do, you’ll also remember what happened to interest rates when Fed Chairman Paul Volcker intervened to get inflation under control.
We have been spending quite a bit of time over the past several months sharing our thoughts on the impact of changes to the tax code that will soon be put to a vote in both houses of Congress.
Back in January we began a series of posts on proposed changes to the tax code that would impact the commercial real estate market.