BREAKING: The delinquency rate on Commercial Mortgage-Backed Securities (CMBS) for offices surged 62 basis points in August, to a record 11.7%.
This is now a full percentage point above the post-2008 peak of 10.7%.
Since December 2022, the CMBS delinquency rate has risen by over 10 percentage points.
Additionally, the delinquency rate for multifamily CMBS jumped 71 basis points, to 6.86%, the highest in 9 years.
As a result, the overall US CMBS delinquency rate rose 6 basis points, to 7.29%, the highest in at least 4 years.
The commercial real estate downturn is now unfolding faster than in 2008.
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This is now a full percentage point above the post-2008 peak of 10.7%.
Since December 2022, the CMBS delinquency rate has risen by over 10 percentage points.
Additionally, the delinquency rate for multifamily CMBS jumped 71 basis points, to 6.86%, the highest in 9 years.
As a result, the overall US CMBS delinquency rate rose 6 basis points, to 7.29%, the highest in at least 4 years.
The commercial real estate downturn is now unfolding faster than in 2008.
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Google will NOT have to sell Chrome or divest from Android, a federal judge has ruled
Odds plummet to 4%
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Odds plummet to 4%
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Effective September 1:
Citizens and companies of certain countries including China and Russia are barred from purchasing land of any kind, including residential property, under Texas’ new foreign land ban, known as Senate Bill 17. The ban does not apply to U.S. citizens or lawful permanent residents, but does include those in the country on student or work visas.
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Citizens and companies of certain countries including China and Russia are barred from purchasing land of any kind, including residential property, under Texas’ new foreign land ban, known as Senate Bill 17. The ban does not apply to U.S. citizens or lawful permanent residents, but does include those in the country on student or work visas.
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BREAKING: Margin trades in China’s stocks hit a record 2.28 trillion Yuan on Monday.
This surpasses the previous high of 2.27 trillion Yuan in 2015.
As a result, leveraged purchases as a share of total market cap rose to ~2.2%.
Additionally, new stock accounts opened by retail investors surged +71% YoY in July.
At the same time, the number and total assets of newly registered hedge funds, mostly focused on equities, reached their highest level this year.
Chinese investors are borrowing a record amount of cash to buy stocks.
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This surpasses the previous high of 2.27 trillion Yuan in 2015.
As a result, leveraged purchases as a share of total market cap rose to ~2.2%.
Additionally, new stock accounts opened by retail investors surged +71% YoY in July.
At the same time, the number and total assets of newly registered hedge funds, mostly focused on equities, reached their highest level this year.
Chinese investors are borrowing a record amount of cash to buy stocks.
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BREAKING Audio has leaked from Tren de Aragua gang smuggling drugs into the US before a military strike that killed 11. Intel shows they’ve outsourced their labor to H-1B Indians
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