TAG Industrial Watch: July 29, 2023

As expected, the Federal Reserve raised the bank-to-bank lending rate to the highest level in over 22 years to a range of 5.25% to 5.5%. While the financial community debates whether this is the Fed’s last rate hike, the big picture has been overlooked. Given that America’s total debt levels have nearly quadrupled since the turn of the century to $60 trillion, the Fed has far exceeded raising rates past the level that this economy can withstand. Since the Regional Banking crisis, a sense of calm has taken over Wallstreet, despite the emergence of numerous warning signs of an incoming severe recession (as discussed in our newest issue of the Industrial Watch magazine).

But with the passing of each month, more and more debt refinances into significantly higher rates, straining the budgets of governments, businesses, and individuals. In all likelihood, the economy is quickly approaching a breaking point just as price inflation is set to reverse course. For opportunistic industrial investors, this means there are great buying opportunities waiting just around the corner.

I N D U S T R I A L   N E W S

Fed Approves Hike That Takes Interest Rates
To Highest Level In More Than 22 Years

CNBC – July 26, 2023
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‘Massive US Oil Caverns’ Are Now Empty,
Will Take ‘Decades To Refill’ Thanks To Biden

ZeroHedge – July 17, 2023
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Industrial Net Absorption Down 60% In Q2
GlobeSt.com – July 17, 2023
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Facing Opposition, Warehouse Developers
Focus On New Strategies

CoStar – July 11, 2023
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Banc Of California And Pacwest To Merge,
Raise $400 Million In Equity

Reuters – July 25, 2023
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R E G I O N A L   N E W S

Austin Industrial Construction Pipeline Tops Previous Highs
Connect CRE – July 20, 2023
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Financing Secured For Newly Built Distribution Facility In Fort Worth
REJournals – June 14, 2023
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Inland Empire Industrial Absorption Goes Negative
GlobeSt.com – July 12, 2023
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Industrial Development Thrives Along Interstate 70 In St. Louis
CoStar – July 18, 2023
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Seefried Properties Begins Construction On
Two Spec Facilities In Elgin, Illinois

PR Newswire – July 25, 2023
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