CMBS get to eat it all: Amid overvalued vacant collateral, there is a new thingy: Tenants delaying rent payments and landlords asking for forbearance.
No one has ever seen a mess like this before.
Tapered QE-4 Further, Still Hasn’t Bought Junk Bonds or ETFs, Was Just Jawboning.
The US Energy Information Agency (EIA) dissects the historic event.
Gut-wrenching tally balloons. Gig workers and contract workers are starting to be included. Florida tries to catch up.
Demand is a lot weaker in some places than in others. Here are the 20 cities with the largest drops.
“Three times deeper than the Great Recession?”
Meanwhile this is a moment for historic reflection and head-shaking.
West Texas Intermediate (WTI) futures collapsed 45% today from the already collapsed price, to $10 a barrel, lowest since 1999.
“I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.”