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Borrowers, good luck finding renters willing to cover your mortgage as Housing Bubble 2.0 starts to implode

July 23, 2023 9:31 pmJuly 23, 2023 8:27 am

Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore. Listed it for RENT for $6500/month 3 months ago. Zero interest. Seriously, who is going to pay $6.5k/month when you can buy a …

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What happens to firms that don’t generate enough revenue to cover interest payments when they are unable to refinance their junk in a recession?

June 28, 2023 9:25 am

Weekly data for corporate bankruptcy filings has started to meaningfully deteriorate in recent weeks: Apollo’s Torsten Slok 🤔 What happens to firms that don't generate enough $ to cover interest payments, when they are unable to refinance their junk in …

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Germany’s central bank may need bailout to cover debt losses.

June 27, 2023 3:13 pm

via The Telegraph: Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned. The Bundesrechnungshof said losses …

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Chicago Mayor’s Controversial $25 Million Plan To Cover Rent For Undocumented Immigrants

June 24, 2023 9:00 pm

Chicago’s new far-left mayor is eyeing a $25 million plan that would cover rent for illegal immigrants, according to the Washington Free Beacon. Oh, you live in Chicago and can barely afford your own rent? Too bad! You will now …

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