What amazes me is people looking at something as simple as the yield curve and saying “this time it’s different” w/o giving any explanation why there’s so much demand at the long end of the curve.
It’s not different this time, this cycle is playing out like every other cycle.
— George Gammon (@GeorgeGammon) July 29, 2023
The CRE office sell off is just getting started. There's still far too much hope (delusion) on biz and CRE owner side where there should not be for what is decade or longer bear until equilibrium found. Unlike tech or crypto bubbles this one will never fully recover. Dead money..
— Adam Singer (@AdamSinger) July 29, 2023
h/t Simian_Stacker
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