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
Mortgage: Ultra-Rich Use Giant Home Loans to Access Cheap Credit From Banks – Bloomberg
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
During pandemic, The Food Basket is serving 80,000 people a month | Hawaii Tribune-Herald
Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells | OilPrice.com
Cruise ship dismantling booms in Turkey after pandemic scuttles sector | Reuters
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
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