Investor confidence in China Fortune Land Development Co. Ltd. is tumbling as concerns grow about its debt repayment abilities just as Beijing steps up efforts to cut risk in the real estate sector. The mid-sized developer’s dollar bonds fell to record lows earlier Tuesday, with some rebounding but a note due 2024 still down at 49.8 centsContinue reading “Red Ponzi Debt Market”
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Sublease inventory in top US markets now exceeding levels of the Dot Com bust and the Great Financial Crisis.
Office spaces could be down 10 to 15% even after the economy recovers, adding that rents in top markets such as New York and San Francisco will continue to experience declines in 2021. CRE crisis unfolding. Let me guess what follows – “bailouts ahead.” https://www.zerohedge.com/markets/companies-dump-office-space-inventory-swells
Econophysics2020 