Junk Garbage Repackaged Into AAA Investments. Sound Familiar? It’s Happening NOW.

We’ve seen this all before. Taking way too much risk. Highlighting the apparent dangers in the system and the obvious fact that this cannot be sustained. There’s no alternative to this. They need more yield, better returns. But bonds are practically worthless, so the mad scientists create products from garbage and attempt to call it modern art. Call it what you want, either way, it stinks. 

 

Cerberus Is Repackaging Near-Junk CMBS Into Top-Rated Securities – Bloomberg

www.bloomberg.com/news/articles/2020-10-01/cerberus-is-repackaging-near-junk-cmbs-into-top-rated-securities?sref=6uww027M

Mortgage: Ultra-Rich Use Giant Home Loans to Access Cheap Credit From Banks – Bloomberg

www.bloomberg.com/news/articles/2020-10-02/mortgage-ultra-rich-use-giant-home-loans-to-access-cheap-credit-from-banks?sref=RJ2RlMrh

Zumper National Rent Report: October 2020

www.zumper.com/blog/rental-price-data/

San Francisco one-bedroom rent dropped 20% from Sept. 2019 to 2020

www.cnbc.com/2020/10/01/san-francisco-one-bedroom-rent-dropped-20percent-from-sept-2019-to-2020.html

Department of Labor Acknowledges Bounced Checks, Says Affected Persons Should Redeposit

viconsortium.com/vi-government/virgin-islands-department-of-labor-acknowledges-bounced-checks-says-affected-persons-should-redeposit

During pandemic, The Food Basket is serving 80,000 people a month | Hawaii Tribune-Herald

www.hawaiitribune-herald.com/2020/09/30/hawaii-news/during-pandemic-the-food-basket-is-serving-80000-people-a-month/

Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells | OilPrice.com

oilprice.com/Latest-Energy-News/World-News/Texas-Taxpayers-Face-117-Billion-Bill-For-Orphaned-Oil-Wells.html

Cruise ship dismantling booms in Turkey after pandemic scuttles sector | Reuters

www.reuters.com/article/us-health-coronavirus-turkey-ships/cruise-ship-dismantling-booms-in-turkey-after-pandemic-scuttles-sector-idUSKBN26N2MV

Regal Cinemas Likely Suspending Operations at All U.S. Locations – WSJ

www.wsj.com/articles/regal-cinemas-likely-suspending-operations-at-all-u-s-locations-11601793090

AMC Entertainment to “Run Out of Liquidity” in 6 Months, Ratings Agency Warns | Hollywood Reporter

www.hollywoodreporter.com/news/amc-entertainment-to-run-out-of-liquidity-in-6-months-ratings-agency-warns

Space bubbles ease New York restaurant troubles | Reuters

es.reuters.com/article/us-health-coronavirus-new-york-bubble-re-idCAKCN26G308

Bear Robotics and SoftBank Robotics Group Announce New Food Service Robot | Business Wire

www.businesswire.com/news/home/20200928005227/en/Bear-Robotics-and-SoftBank-Robotics-Group-Announce-New-Food-Service-Robot