NEW YORK CITY—Many would agree that we are once again in bubble territory in the pricing levels of financial assets.  In spite of a thorough absence of economic vibrancy and extreme levels of geopolitical instability that at the least drain resources that could otherwise be invested in economically productive endeavors, pricing of financial assets are at or near historical highs. The questions that are on many people’s minds today include:  How long can this go on for? What could cause the bubble to pop? How can I protect myself when it does?

For most of the past 4 years I have heard predictions of an imminent interest rate increase.   I recall sitting on a panel at a CBRE Investors conference around 2010 or 2011 while I was a senior member of their executive team, and in response to a question about rates I said that I believed that there was a great chance of rates declining than increasing in that next year.  

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.