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"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs
"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs
With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...
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Iran Blowback: At Least 22 Killed Trying To Storm US Consulate In Pakistan
Iran Blowback: At Least 22 Killed Trying To Storm US Consulate In Pakistan
Mass anti-American protests have broken out in areas of the Middle East especially with large Shia Muslim populations. This is happening in parts of Pakistan, but also across Iraq - given the majority of Iraq is Shia, and shares deep sympathies with the Iranian religious establishment.
The blowback to the Trump-ordered attacks on Iran has begun, especially in Pakistan, where at least 22 were killed after rioters tried to storm the US consulate in the Pakistani city of Karachi.
Outside the US...
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Connor O'Keeffe
It's Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
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