"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs

Open Sesame Submitted By Peter Tchir of Academy Securities This week’s market behavior had a mythical, almost magical tone to it. In Arabian Nights, Ali Baba was able to open a cave of riches by uttering the phrase “Open Sesame.” Markets responded to any and every sort of connotation of “The Strait is Open” by rewarding participants with riches. We started this week bright and early, kicking off Bloomberg TV, and then moving on to Bloomberg Radio, and Tom Keene’s Best Ideas. At the time we were all trying to understand what “Blockade” meant....

President Trump has expressed “serious interest” in the idea of sending US troops into Iran, NBC News reported on Saturday, citing US officials. The officials said that Trump has discussed the idea of deploying ground troops with aides and senior Republicans in Congress. Publicly, the president has refused to rule out the idea of putting […]

Sweden Will Consider Ways To Limit Energy Use If Iran War Continues, Government Says Authored by Victoria Friedman via The Epoch Times (emphasis ours), Sweden may need to consider options to reduce energy consumption, including rationing, if the disruption to the flow of fuel supplies continues as a result of the Iran war, the country’s prime minister and finance minister said on on April 23. Prime Minister of Sweden Ulf Kristersson speaks at a summit of European Union leaders in Brussels on Dec. 19, 2024. Johanna Geron/Reuters “We are not planning any rationing...