Debt Man Walking
The following is the beginning of a blog post by Ken Ashley, CCIM, MCR, SIOR and Senior Director of Cushman & Wakefield, that recently appeared in the Atlanta Business Chronicle. A special “Thank You” to Editor David Allison for allowing us to reprint a portion!
As Americans deal with the uncertainty in Washington and the instability on Wall Street, there has been a lot of press about how we should deal with these issues on a personal level. But what should business leaders do?
Bill Gross of investment giant PIMCO coined the phrase “Debt Man Walking” to describe the apparent dire straits the US faces with its significant borrowing “issues.” How do you as a business leader turn this into Wise Man Walking? More specifically for this real estate focused space, what should you do with office or factory projects that are on the boards today?
To continue reading, please click for original post in the Atlanta Business Chronicle.