@AuclairCapital My bad, pocket reply! For a fellow audiophile... Innovox Audio is the last speaker manufacturer left in US, commercial grade. Have a very unique driver design with the magnet in front of the cone, improves efficiency and clarity. The things I heard working there were nuts.
Dissecting the Impending CRE Crisis
Soon u'll hear a lot more on CRE.
Why? B/c US banks & PE firms are headed for real estate doomsday.
4 collapses in 11 days
$270B in CRE loans due EoY
$3B+ defaulted in March 2023 alone
What is CRE & why does it matter?
What's next?
👇
🧵/
Let's break it down.
@SouthwestAir why are your phones still backed up?
Been on hold 8hrs this week with no answer... had to cancel entire trip!
How did this epic failure happen???
@AheadofthenewsP I recall when you started this feed you shared NT settings for TPO. I can't find those tweets and have been struggling to find right settings. Would you be willing to reshare? In email?
@jasonkilpatrick@AheadofthenewsP I've been digging into that. I believe he is calculating a 1std deviation move based on a lognormal distribution from close #'s. The standard deviation can fluctuate based on vix. Haven't tried the calculations yet but there is some info in Options Volatility and Pricing book.
@AheadofthenewsP Sorry to hear Marc, my 6mo old got it for his first illness back in October. We were scared at first, but he made it through fine. Resilient little ones! Hope the son-in-law pushes through.