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Daily Journal archiveUnlike CRE prices, U.S. home prices are closing in on a new all-time high (from Redfin on July 17)…
Read articleMorgan Stanley warns the broad CRE market could fall 30% from its peak (from MarketWatch on July 17)…
Read articleGlobal consulting giant McKinsey projects “hybrid work” is here to stay, which indicates demand for office and retail space in major cities is unlikely to recover to pre-pandemic levels anytime soon (from McKinsey Global Institute on July 13)…
Read articleFalling office commercial real estate (CRE) prices are creating another unexpected headache for New York City landlords (from The Wall Street Journal on July 4)…
Read articleStudent loan repayments will equate to a 5% pay cut for the average American (from The Wall Street Journal on July 15)…
Read articleCredit card delinquencies at small banks just hit the highest level on record (from Joe Consorti via Twitter on July 13)…
Read articleWeekly same-store sales just went negative for the first time since the COVID lockdowns (from Steph Pomboy via Twitter on July 11)…
Read articleThe Federal Reserve Bank of New York’s latest Survey of Consumer Expectations suggests consumer credit availability is tightening significantly (from the New York Fed on July 10)…
Read articleSeveral signals suggest the U.S. consumer is already “tapping out” (from The Daily Spark on July 6)…
Read articleU.S. households could run out of COVID-era “excess savings” as soon as September (from BCA Research via The Daily Shot on July 5)…
Read articleWarren Buffett’s experience in junk bonds during the dot-com bust highlights the incredible returns possible in distressed debt investing (from Alex Morris (TSOH Investment Research via Twitter on July 19)…
Read articleBlackRock’s Head of Macro Credit Research warns credit distress is likely even if we somehow avoid a recession (from Bloomberg Surveillance on July 19)…
Read articleOne of the world’s top bankruptcy attorneys warns of a “$500 billion corporate-debt storm” (from Bloomberg on July 18)…
Read articleDespite plenty of evidence a recession is likely, investment-grade credit spreads remain near their tightest levels in years (from Conor Sen via Twitter on July 13)…
Read articleTorsten Slok – Chief Economist at private equity giant Apollo Global – believes the credit default cycle is already underway (from Bloomberg on July 13)…
Read articleCorporate bankruptcy filings continue to surge (from The Daily Spark on June 28)…
Read articleOptions market positioning suggests investors are extremely bullish on long-term Treasury bonds (i.e. expecting long-term rates to fall) (from Barchart via Twitter on July 17)…
Read articleSustained inflation is likely the U.S. government’s only hope of avoiding an overt debt crisis (from Dylan LeClair via Twitter on July 16)…
Read articleOver the past 40 years, peaks in 2-year Treasury yields have always been followed by a crisis (from Lisa Abramowicz via Twitter on July 9)…
Read articleHistory says it’s still too soon to dismiss the significance of last fall’s Treasury yield curve inversion (from the Financial Times on July 5)…
Read articleHere’s an undervalued small-cap oil and gas stock with a potentially bullish upside catalyst (from Bison Interests on July 18)…
Read articleTurkey could soon be a “buy” for western investors (from KEDM’s Monday Monitor on July 17)…
Read articleA bullish case for India’s largest bank (from Lyn Alden Investment Strategy on July 9)…
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