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Get ready for cascading defaults as commercial real estate being run into the ground. The trend of walking away from commercial mortgages is just beginning.

by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans  Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders back the keys of two office towers that he likened to film cameras in a …

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80 Afghan Girls Hospitalised After Being Poisoned At Schools

‘Kabul: An education official in Afghanistan said almost 80 girls were hospitalised after being poisoned at schools, Fox News said. According to reports, the incidents happened over Saturday and Sunday in the province of Sar-e-Pul in the north. Mohammad Rahmani, the director of the provincial department of education, said the poisoning had occurred in the …

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Investors have increased their short positions against tech stocks. Jobless techies being cast into #BidensEconomy to fend for themselves.

Big tech stocks have some of the highest short interest in the market. Last month, investors added $3.57 billion to their short positions against $TSLA, $2.5 billion against $NVDA and $7.26 billion against $META — Cheddar Flow (@CheddarFlow) June 4, 2023 https://twitter.com/VSoien/status/1665479234213539842 https://twitter.com/VSoien/status/1665481649436459011 Job cut announcements in technology picked up in May: pic.twitter.com/kFipcmACz1 — unusual_whales …

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You can’t make this stuff up: Portland wants to ban homeless people from being homeless during the day.

by Chris Black Peak clown world. Heckler disrupts this morning’s Portland city council meeting yelling “F—Ted Wheeler” prior to testimony regarding the city’s settlement with disabled Portlanders who are unable to access sidewalks because they have been taken over by garbage, open air drug scenes, etc. pic.twitter.com/z783HfYIV4 — Rational in Portland (@rationalinpdx) May 31, 2023 …

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Fed likely to pause tightening despite being half way home

by confoundedinterest17 Don’t kid yourself. The talking heads at The Federal Reserve (more like Feral Reserve) are only about halfway there in terms of rate hikes. There is still over $8 trillion in monetary stimulus sloshing around the economy. The Taylor Rule implies a target rate of 10.12% while the current target rate is just over half that rate at 5.25%. A little over halfway there and The Fed is likely to pause rate hikes. Of …

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Barclays offered and sold $17.7 billion in securities, SEC requests an extension.

by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of this failure, between June 26, 2019 and March 9, 2022, BBPLC offered and sold an …

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Brace For Egg Shortages As Global Food Production Is Being Hit By Major Crisis After Major Crisis

Egg prices are exploding in the United States as the food supply chain crisis spirals out of control. A new Bloomberg report exposed that food costs are rising uncontrollably all across America, reaching the highest level since May 1979.A few years back, American consumers could actually fill up an entire shopping cart full of food …

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