QUESTION 1 What does it mean when the U.S.Treasury yield curve is inverted? Investors have no idea what is happening in the economy; rates are independent Investors think recession is coming and interest rates will go down in the long term Investors think the economy will grow and interest rates will go up in the long term QUESTION 2 Which is MORE liquid? Direct Investment in a shopping center REIT stock QUESTION 3 Which is more liquid? A mortgage loan made by an insurance company for its balance sheet CMBS