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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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Sep 30, 2026 / Dave DeCamp
US Launches Two More Airstrikes in Somalia as Bombing Campaign Continues Amid Media Blackout
US Africa Command said in a press release on Wednesday that its forces launched two more airstrikes in Somalia as the Trump administration continues its record-shattering bombing campaign in the country, a war that’s ignored by US media despite AFRICOM announcing its strikes. The command said both strikes were launched on September 25, and that […]
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Oct 6, 2026 / Tyler Durden
Trump Outrages Dems & Republicans Alike With Garbled 'Take Out Los Angeles' Line
Trump Outrages Dems & Republicans Alike With Garbled 'Take Out Los Angeles' Line
President Trump addressed a full house for his Monday night midterm campaign rally in Grand Island, Nebraska - but his comments on the Iran war, gas prices, and musings about a nuclear weapon taking out American cities created an avalanche of controversy.
Making the case for his launching Operation Epic Fury, Trump at one point in the speech said, "They could take out a city," and then: "Let 'em take out Los Angeles. Let 'em take out San...
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Mar 6, 2026 / Tyler Durden
USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General
USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money.
A USPS van driver parks the car on a street in Manhattan, New York City, on August 24, 2020. Chung I Ho/The Epoch Times
If it doesn’t, the service risks not being...
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