US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3%

I am old enough to remember when your family members could accompany you to the airport and share a meal with you before your flight or wait at the gate with you until you boarded your flight. There is one thing preventing a return to those idyllic times: the TSA. The Transportation Security Administration (TSA) […]

"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...