Independent thinking for complex markets and current events
(Bloomberg) — Venezuela’s government has hired Rothschild & Co. as a financial adviser to provide an overview of its foreign debt obligations, according to sources with direct knowledge. Rothschild is working to determine what the administration owes and to whom, said the people, who spoke on condition of anonymity because it was a contract that …
The Trump administration will start garnishing the wages of student loan borrowers in default in early January, a spokesperson for the U.S. Department of Education confirmed to CNBC on Tuesday. It will be the first time a portion of borrowers’ paychecks has been at risk since the beginning of the Covid pandemic, when collection activity …
“4 distressed office buildings in Los Angeles, California. Brookfield and its lenders (and receivers and special servicers) are peddling four active offerings that total about 4.9M SF of Class A office space in the Financial District, roughly 18% of the total inventory. EY Plaza: Colliers is marketing the $275M, non-preforming note tied to the property …
Social Security recipients do not need to worry about their benefits being garnished due to their defaulted student loans, at least for now. The development is an abrupt change in policy by the administration, which had announced in April that it would be resuming collection activity on defaulted student loan borrowers. The Education Dept. had …
Destiny USA, New York’s largest mall and one of the biggest in the U.S., has defaulted on a $300 million mortgage, according to Syracuse.com. Its owner, Carousel Center Co., failed to secure an extension when the loan matured on June 6 of last year, according to recent financial filings. The Syracuse.com report says that after …
We explained the property bubble in China and its many negative implications in 7 episodes here… 2/2https://t.co/43I3QXuRVQ — Alexander Stahel 🌻 (@BurggrabenH) December 23, 2024 ⚠️ JUST IN: *CHINA CENTRAL BANK INJECTS 109.6 BILLION YUAN VIA 7-DAY REVERSE REPOS AT 1.50%: STATEMENT 🇨🇳🇨🇳 pic.twitter.com/PxOkJ2acfp — Investing.com (@Investingcom) December 23, 2024 ⚠️CHINA'S REAL ESTATE CRISIS HAS …
This meme is about as accurate as it gets. pic.twitter.com/tH3AFBxQch — Bruce McGonigal (@bruce_mcgonigal) December 15, 2024