Independent thinking for complex markets and current events
Notably, commercial real estate delinquency rates have been on the rise, with a large contributor being office real estate. The RTO company mandates have not brought occupancy levels back to where they were previously: https://t.co/afY0mHeh88 — Reef Insights (@ReefInsights) March 19, 2024 Rising delinquency rates in commercial real estate present a growing concern for both …
🚨 BREAKING: Federal Reserve Chair Jerome Powell‘s alarming statement from today: „THERE WILL BE BANK FAILURES!“ Seems like he knows exactly what will happen when BTFP ends on Monday March 11th! ⏰ The new era is called crypto and it’s waiting! #XRP pic.twitter.com/ERadTiMcML — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 7, 2024 ALERT: Housing defaults have just hit …
Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell said the banks that are in trouble with falling office space and retail assets are not the …
The commercial real estate market is facing a dire situation, with reports suggesting a staggering loss of 50-60% of its value. This alarming depreciation, however, may just be the tip of the iceberg. As the industry grapples with this significant downturn, questions arise about the potential impact on Wall Street and the resilience of financial …
Commercial Fisherman Say They Stand With Raided Amos Miller Organic Farm Because The Same Thing Is Happening To Them 🚨 US Government Asking Neighbors To Use Their Property To Spy On Commercial Fisherman Because They’re Selling Fish “That wasn't raised in a pen, that isn't full… pic.twitter.com/XEmlW14Lps — Wall Street Apes (@WallStreetApes) March 3, 2024 …
Is the regional bank crisis ending or just starting? Recent developments, such as the sharp decline in New York Community Bancorp’s stock from commercial real estate losses, signal potential trouble. With $500 billion in debt maturing this year and falling property values, small banks are bracing for a crisis.
CNN abruptly cut to commercial on Thursday after anchor Wolf Blitzer looked like he was about to vomit during an interview with House Oversight Committee Ranking Member Jamie Raskin (D-MD). As Blitzer listened to Raskin on The Situation Room, he could be seen exhibiting a number of pained expressions, seemingly struggling to stop himself from …
by Michael Over the last several years we have seen commercial real estate values plummet dramatically all over the United States. One of the reasons why this is happening is because millions of Americans started working from home during the pandemic, and many of them never returned to the office once the pandemic subsided. Another …
Regional banks have been setting aside more money to deal with future losses on commercial real estate. Some analysts now fear it hasn’t been enough. The stock of commercial real estate lender New York Community Bancorp (NYCB) slid by 22% Tuesday and has now fallen nearly 60% since it surprised Wall Street last week by …
Banking rollercoaster: From denial to acknowledgment, uncertainty surrounds likelihood of commercial bank failures. Real estate magnate Barry Sternlicht has sounded the alarm on the challenges facing the commercial real estate (CRE) sector, particularly the office market, labeling it an “existential crisis.” Sternlicht estimates that the $3 trillion asset class is now likely worth around $1.8 …
The Central Bank of Iraq (CBI) banned eight local banks from making US dollar transactions on 4 February, in an attempt to avoid sanctions and US financial restrictions. A CBI document lists the banned banks as Ahsur International Bank for Investment, Investment Bank of Iraq, Union Bank of Iraq, Kurdistan International Islamic Bank for Investment …
The main Democratic super PAC supporting President Biden’s re-election bid, Future Forward, is beginning this week to reserve $250 million in advertising across the most important battleground states, a blitz that it says is the largest single purchase of political advertising by a super PAC in the nation’s history. The ads, which are to be …
This is a British army recruiting commercial. I repeat, This is a British army recruiting commercial. pic.twitter.com/dQJq26AIpP — Dom Lucre | Breaker of Narratives (@dom_lucre) January 29, 2024
The commercial real estate (CRE) landscape is facing a challenging scenario, with 14% of all CRE loans and a staggering 44% of office building loans slipping into “negative equity.” This indicates that the debt on these properties now surpasses their market value. The current downturn, with office building prices plummeting by 40%, has pushed CRE …
https://twitter.com/JesseKellyDC/status/1744821198867902843 Progressives definitely will accept more flying deaths in service of the DEI agenda. No question about this. Air safety is also hard to measure in context. US commercial crashes and incidents could double and remain statistically tiny and thus the system would remain very… — Jeff Deist (@jeffdeist) January 9, 2024 h/t LoneStarRising
New Argentinian President Milei was videotaped flying commercial – on state carrier Aerolineas Argentinas, which he has proposed to privatize turning ownership over to employees. Milei has also issued a decree opening Argentinian aviation up to foreign competition. Any world carrier would be able to fly to the country and also to engage in cabotage, …
JUST IN – American warship and multiple commercial vessels have come under attack in the Red Sea — Pentagon — Disclose.tv (@disclosetv) December 3, 2023 🚨 BREAKING: The Pentagon says a US warship and multiple commercial ships have come under attack in the Red Sea https://t.co/kAhGJQmoXA — Benny Johnson (@bennyjohnson) December 3, 2023 USS Carney …
The commercial real estate meltdown is beginning to spread to different assets and markets… The next victim – Texas Multi-Family Here's a worrying snippet from The Real Deal this AM: "For the past few years, Texas multifamily was one of the hottest real estate investments in… pic.twitter.com/BcIcYJEDVu — Triple Net Investor (@TripleNetInvest) November 21, 2023 …
Source: https://www.federalreserve.gov/releases/chargeoff/delallsa.htm TLDRS Delinquency Rates on Loans and Leases at Commercial Banks are spiking! Credit Card delinquencies up! All consumer loan deliquesces are up! Delinquency Rate on All Loans, All Commercial Banks is up! https://dismal-jellyfish.com/banks-alert-delinquency-rates-surge/ h/t Dismal-Jellyfish
DC Commercial Real Estate in Crisis: Dupont Circle Office Building Sells at 77% Discount, Plunging $72M from 2016 Price. The $21M transaction is over $50M less than 2019, with the previous owner, a co-working company, defaulting on a $65M loan. Amidst reports of owners surrendering keys to lenders, the city is in the early stages …
In 2023, major financial institutions such as Citigroup, Goldman Sachs, Farmers Insurance, Robinhood, Charles Schwab, Wells Fargo, Ally Financial, Morgan Stanley, Bank of Nova Scotia, and RBC have collectively announced layoffs, totaling more than 20,000 employees according to Forbes. These layoff announcements contribute to the ongoing struggles in the US banking sector, with bank stocks …
Deutsche Bank’s anticipated $350 million loss on a New York City office building signals a deepening crisis in the commercial real estate market. With the property’s value plummeting and significant vacancies, the situation reflects broader challenges in the sector, as other distressed buildings in Manhattan may face similar struggles. The New York commercial real estate …
Escalating delinquencies in commercial real estate loans, a shrinking S&P 500 real estate sector, and plummeting property values paint a dire picture, hinting at an imminent banking crisis. With soaring mortgage payments and declining retail sales, the signs point to an urgent and potential economic crisis. Delinquent commercial real estate loans at US banks have …
The signs of an impending auto loan debt crisis are becoming increasingly apparent, as noted by AutoMoBlog. Wall Street’s lucrative practice of selling car loans to individuals with limited capacity to repay is fueling concerns, mirroring practices reminiscent of the 2008 financial crisis. Simultaneously, the rapid increase in defaults on Commercial Mortgage-Backed Securities (CMBS) is …
by TonyLiberty Lenders this year have issued a record number of mezzanine-loan foreclosure announcements —Foreclosure notices for high-risk property loans are a more immediate measure of commercial real-estate distress than mortgage foreclosure rates
I sense that the market is currently stagnant, and we’re on the edge, anticipating a series of negative events. Banks and other lenders are likely to grapple with extensive non-performing loan portfolios. It’s time to brace ourselves for what’s coming. Source: https://cre.moodysanalytics.com/insights/cre-news/ma-cre-office-loan-maturity-monitor-office-borrowers-still-struggling-for-takeouts-also-time-to-worry-about-multifamily/ https://www.youtube.com/watch?v=RP9HHlc30MU&t=118s h/t guardimus
by TonyLiberty The White House is giving $45 Billion to developers to convert empty office buildings into affordable housing. The program will provide low-cost loans, tax incentives, and technical assistance to developers who are willing to undertake these conversions. By increasing the supply of affordable housing, the program could help to bring down housing costs …
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …
via schiffgold: Problems in the commercial real estate (CRE) sector continue to bubble under the surface. This is a major stress point for US banks and could precipitate the next phase of the financial crisis. A combination of high interest rates and declining tenancy is putting the squeeze on commercial real estate owners. As a …
