Independent thinking for complex markets and current events
by confoundedinterest17 I sure hope this isn’t a repeat of the financial crisis! But new homes for sale have ballooned to financial crisis levels. Home sales have dropped below year-ago levels, presaging likely declines in mortgage supply and turnover. With completed-home inventories hitting post-global financial crisis (GFC) highs, regional surpluses are emerging as key home-price …
by confoundedinterest17 Is this The Big Short, CMBS style? The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years. The delinquency rate of office CMBS loans has QUADRUPLED in 1.5 years. Delinquencies are currently rising at a faster pace than during the 2008 Financial Crisis. …
BY DAVID HAGGITH We are about to repeat another massive Fed fail in 2024. Back in November of 2019, I wrote on article on my old website titled “Repocalypse: The Little Crisis that Roared.” I illustrated it with the photo above, and the gist of that little monster was this: I just published an …