The Commercial Real Estate Crash Is Moving From Paper Losses To Realized Losses

Europe Capitulates, Sees Iranian Hormuz Fee Collection As 'Inevitable'  Europe capitulates at a moment Washington and Tehran (and possibly Oman) continue to be directly at odds over how future shipping traffic through the Strait of Hormuz energy chokepoint will be administered. Bloomberg reports Thursday, "Some leading European powers now accept that ships transiting the vital Strait of Hormuz will have to pay fees to Iran and Oman, according to people familiar with the matter." "The prospect of some sort of service fee in the aftermath of the US and Israeli war with...

Musk's Starlink Plots To Become A Mobile Carrier; TD Cowen Sees Possible T-Mobile Buyout The signs were already in plain sight that Elon Musk’s Starlink was positioning itself to challenge the big three U.S. wireless operators: Verizon, AT&T, and T-Mobile. One of the clearest signals was SpaceX's $17 billion deal for EchoStar wireless spectrum last year, followed by a recent trademark filing for "Starlink Mobile." We noted in December: SpaceX Trademark Filing Signals "Starlink Mobile" May Soon Take Aim At AT&T, Verizon Now, the Financial Times reports that SpaceX Chief Operating Officer Gwynne Shotwell...

Macquarie: Two More Months Of War Could Send Oil To $200 Submitted by Tsvetana Paraskova of OilPrice.com  Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned.  The odds of the Iran war dragging on until June were put at 40% by the analysts in a note carried by Bloomberg. But the scenario of the war ending by the end of March currently appears more plausible, with odds at 60%, according to Macquarie.    “If...