This is funny.
What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special?
Well... your average return after one year would be 40%, with a 100% success rate.
HYDROGEN HEIST EXPOSED: Nikola's Trevor Milton Has His Motions Denied after He Pushed Sentencing to Nov 28, Citing Inner City Press Interviews in his appeal - Story: https://t.co/4lJo5I0WRC Book (precursor to #CryptoCreeps: https://t.co/21obPKo1gB
Job losses are happening. In the last week I have talked to several close friends who have lost their high paying job.
Tech sales
Tech account management
Middle management at a Fortune 500 company
A friend has to reduce her 10 person team by 3 people in the next 2 weeks.
All completely independent.
Department of Justice Delayed: Nikola's Trevor Milton Pushes His Sentencing Back to Nov 28, After Conviction in Oct 2022, He's Appealed Citing Inner City Press Interviews with Juror(s) - story: https://t.co/DZ3kstOUwY Book, Hydrogen Heist https://t.co/21obPKo1gB
Due to yesterday's flash flood damage, the Fremont River trail is closed until further notice. Please check in with the visitor center for updates on road and trail conditions in the park.
NPS. A.Smithkin
An insurance company approved chemotherapy for a patient WITHOUT approving adequate anti-nausea medicine
This isn't even penny wise, pound foolish (although a single ER visit for uncontrolled vomiting would prove that)
This is simply unconscionable
Shame on you, @EMIHealth
$1.25T of CMBS debt is likely trading below par as they lag SOFR. Before accounting for any real estate distress, these bonds are worth less than face.
Thanks @Lonnie_CRE, Stephen Buchsbom and Will Moisan and the @TreppWire team for the data (more below).
In the bond market you lose principal if rates change. So, if you buy debt at a discount due to rate changes and are able to convert it to property, the fact that you cross over between the property and debt markets allows you to buy assets at a discount. This is one of our strategies.
I previously posted a similar chart using data from Bloomberg, but regrettably the data was totally wrong. It’s possible that their data was incorrect and it’s possible that I don’t know how to run their queries, but regardless, their helpdesk couldn’t find anything wrong with my query and the people to whom they escalated the request have yet to get back to me (it’s been a week). I reached out to Lonnie and within a couple of days I had a call with Stephen and Will and on Friday received this great data set.
Thank you to Richard Hill of Cohen and Steers who pointed out that the numbers were totally off and was kind enough to share a recent report with me. https://t.co/DDmT7EZosI
I also need to apologize to Richard because my initial response to his comment was negative and unprofessional.
Take a look at the virtual walkthrough of the brand new hospitality offering in the Jimmy McIlroy stand 🏟️
With street food, shuffle boards, table football and a gaming box, it's a space you simply don't want to miss out on 🌟