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Canary in the coal mine?

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#1 slupert

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Posted 02 March 2023 - 09:22 AM

protect yourselves, BX just defaulted on some European bonds, and Pacific  did this  

Two Office Landlords Defaulting May Be Just The Beginning (fa-mag.com)



#2 slupert

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Posted 02 March 2023 - 09:25 AM

Since last year we have seen a 7 sigma  (7 standard deviation, probability of 1 in 1.07 Billion) move in the bonds market. Is there anybody dumb enough to believe there are not going to be any serious repercussions from that??? Wake up!! (JMHO)



#3 OEXCHAOS

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Posted 02 March 2023 - 09:54 AM

First up, make sure cash is NOT in commercial paper, only in government MM or short treasury instruments.

On the plus side, however, commercial paper is showing no concerns about the financial sector, currently.

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#4 skott

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Posted 02 March 2023 - 11:42 AM

I saw parts of an interview of Kevin O'leary, I think I have that right, the Billionaire investor that was/is on Sharks. He said he has always put his money into silicon value and Massachusets. He said he can no longer do so because basically they have gone communists and are destroying capital ( and hence our country, my comment)  

 

He also commented on NYC. He said the buildings are empty and the businesses are not coming back because of the change to remote work and he said New York is also Anti Business.



#5 slupert

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Posted 02 March 2023 - 03:35 PM

First up, make sure cash is NOT in commercial paper, only in government MM or short treasury instruments.

On the plus side, however, commercial paper is showing no concerns about the financial sector, currently.

M

Mark, I agree its a little early, but by this Summer I think we start seeing some real action Another thing, I see the European R/E market faltering, keep watching these crazy bastages and all their God Dammed Derivatives; https://schrts.co/DNvSxhQc



#6 slupert

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Posted 09 March 2023 - 06:28 PM

Another Canary, it will quiet down and be back in  a couple months.