Marty's Ƀent
Issue #849: CMBS Market on the Ropes
The total amount of rent that has not been paid in 90 to 120 days has increased by 7.5x since June. Rising to $30B from $4B.
The total amount of rent that has not been paid in 90 to 120 days has increased by 7.5x since June. Rising to $30B from $4B.
Nothing will change until people wake up and realize the Federal Reserve has been robbing them blind for more than a century.
The data is rolling in and it is becoming glaringly obvious that the economic shutdowns have absolutely devastated small businesses.
I find it hard to believe that the Fed and the Treasury have the wherewithal or ability to coordinate the necessary stimulus that would be needed to keep these loans afloat and avoid a collapse of the CLO markets.
The second severe economic crisis in twelve years is really driving home the fact that we no longer live in a capitalistic society here in the United States.
"Show me the incentive and I'll show you the outcome." - Charlie Munger
As the world goes to shit, an alternative that is completely bereft of the debt handcuffs linked to the traditional financial system waits in the brush.
