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Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead
Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead
A localized commercial real estate crash has been spreading through downtown Baltimore City's office market like cancer, with more than $1 billion in property value erased since 2020. The rapid decline of the commercial tax base in the downtown area is colliding with deep structural crises, including violent crime, a continued population collapse (now at a 100-year low), fiscal mess, and the increasing risk that the unhinged left-wing politicians in City Hall will hike taxes on working poor households to offset...
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Apr 24, 2026 / Tyler Durden
Getting More Anxious
Getting More Anxious
By Bas van Geffen, Senior Macro Strategist at Rabobank
We have another potentially eventful weekend ahead of us. A three-week extension of the ceasefire between Israel and Lebanon may ease tensions between the US and Iran somewhat, as Trump wants to avoid that this conflict undermines peace talks with Iran. However, there are still no indications that a new round of talks will be held, as both sides continue to blockade the Strait of Hormuz.
Iran has continued to shoot at commercial ships that tried to navigate the strait,...
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Sep 11, 2026 / Tyler Durden
Leopold Is Back: Situational Awareness Rerunning Exact Same Trades Which Blew It Up A Month Ago
Leopold Is Back: Situational Awareness Rerunning Exact Same Trades Which Blew It Up A Month Ago
A few days ago before it became public knowledge that the hilariously misnamed "hedge" fund Situational Awareness, run by a 24-year-old German ultra liberal who was fired by OpenAI, and then launched a new career investing like the most degenerate Korean momentum chaser blew up in explosive supernova fashion as a result of massive leverage in a handful of high beta momentum stocks like Sandisk, AMD and Bloom Energy, we warned that someone was blowing...
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Jun 10, 2026 / Tyler Durden
Peacefire
Peacefire
By Michael Every of Rabobank
Welcome to the ‘peacefire’. After Israel and Iran were pulled back from the brink of new war by Trump on Monday, Wednesday morning Asia time saw him then strike Iran, and it fire at US bases in the Gulf, in response to Tehran downing a US Apache helicopter. It appears the US hit radar and missile/drone facilities around and in the Strait of Hormuz while Iran didn’t hit anything due to its missiles being intercepted.
Looking at the areas the US struck in Iran last night,...
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