Delinquencies spiked in May on mortgage bonds tied to offices

Delinquencies spiked in May on mortgage bonds tied to officeshttps://t.co/L0fv4QmRJR Distress in Office Market Spreads…https://t.co/8VuV67lbFR #news #commercialrealestate #CBRE #CRE #cmbs #wfh #realestate #economy #Medical #Healthcare #Hospital #Philadelphia #Philly #phl… https://t.co/dFrTGh2GxT pic.twitter.com/7AabHcSPRp — Mo Hossain (@MoHossain) June 19, 2023 Meanwhile… Rents …

READ MORE

Tech stocks and AI vs the Fed.

Technology stocks are on a tear. Investors can’t agree on whether their recent run looks like the prelude to an eventual bust—like that of the dot-com era—or the start of a more durable rally. Hype around artificial intelligence has helped …

READ MORE

Democrats want to buy your local TV station.

Progressive media activists, rattled by the collapse of a generation of youth-oriented digital news outlets like Vice and BuzzFeed News, are pushing wealthy Democrats to invest in for-profit media companies and social media influencers. That’s the conclusion of an 85-page report, …

READ MORE

Tropical Depression forms in the Atlantic – Headed to the Caribbean – Hurricane Hunters Fly Wednesday

Stay tuned for updates TROPICAL DEPRESSION THREE FORMS OVER THE CENTRAL ATLANTIC… …INTERESTS IN THE LESSER ANTILLES SHOULD MONITOR THIS SYSTEM https://www.nhc.noaa.gov/ At least a Cat 1 when it gets in the Caribbean https://www.nhc.noaa.gov/refresh/graphics_at3%20shtml/145832.shtml?cone#contents Tropical Depression 3 is forecast to …

READ MORE

This is not going to end well

🇺🇸 United States debt Government debt: $32 trillion Household debt: $17.1 trillion Mortgage debt: $12 trillion Auto loans: $1.6 trillion Credit card debt: $1 trillion — Win Smart, CFA (@WinfieldSmart) June 19, 2023 👀 👇Big commercial real estate downturn could …

READ MORE

People are sick of the woke ideology

NBC Worries Teachers Quitting Due to LGBTQ Agenda Backlash During Thursday’s edition of NBC Nightly News, anchor Lester Holt and correspondent Antonia Hylton worried that the backlash against teachers who insist on speaking to their students about LGBTQ issues are quitting …

READ MORE

Canadian housing market will crash

via WSB: Housing prices in Canada are so absurd that young people and new immigrants can no longer afford rent/mortgages. The current rate hike cycle will become the tipping point that pushes thousands of mortgages into default. Already food bank …

READ MORE