Banks choke on $38 billion Oracle data center debt and dump it at discounts, single borrower risk screams 2008 single-name CDOs all over again
JPMorgan and Morgan Stanley spent six months begging buyers for AI construction loans.
discounts
US office towers hit fire sale levels, discounts up to 95 percent while commercial real estate collapse spreads.
OFFICE TOWERS PLUNGE UP TO WHOPPING 95% OFF AS A FIRE SALE SWEEPS THE US MARKET The US office market is in freefall. Aging towers are trading at fractions of their former worth as owners finally admit that the post-pandemic …
Whistleblower says Meta inflated ad returns, hid discounts, and counted shipping as revenue
Meta’s ad math now comes with creative accounting and a side of shipping fees. Nice A whistleblower alleges that Meta (META) artificially inflated return on ad spend by counting shipping fees as revenue, subsidizing bids in ad auctions, and applying …
Millions face wage seizures, fake discounts, and empty shelves. Defaults and tariffs are set to wreck Christmas.
Student loans are cracking. Retail margins are gone. Same pressure. Different fronts. Borrowers are defaulting into wage garnishment. Retailers are stuck with early inventory and no restock window. Both moved too soon. The SAVE plan stalled. Notices went out. Interest …
Furniture sales plummet, prompting 55% discounts and widespread bankruptcy fears nationwide.
Furniture sales in the U.S. have plummeted, signaling a significant downturn in the industry. In January 2024 alone, sales at furniture stores dropped by 9.8% compared to the previous year. This decline is prompting many retailers to hold going-out-of-business sales, …
Homebuilders Have the Most Inventory Since May 2008, Big Discounts Coming
via Mike Shedlock Speculative building, measured by started but unsold housing inventory, is at the highest level since May of 2008. To unload these units, builders will have to offer steep discounts. New Home Sales by Census Department, Chart by …
Tumbling Dice! US Yield Curve Inversion Steepens, Mortgage Rates UP 163% Since 2021, Retailers Offer Deep Black Friday Discounts As US Manufacturing PMI Contracts
by confoundedinterest17 The Federal Reserve reminds me of The Stones’ song “Tumbling Dice.” Why? The Fed can’t tell if inflation is cooling or re-accelerating. Hence, they are just rolling dice. Let’s start with mortgage rates, a critical component of the housing and …