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LinkedInProperty Damage Might Slow Refinancing of $3 Billion in Loans, Analysts Say JULY 11, 2019|LOU HIRSH (via COSTAR) Real estate fallout could extend well beyond the immediate damage caused by recent Southern California earthquakes, with more than $3 billion in securitized commercial mortgages estimated to be facing elevated future risk. Financial analysis firm Morningstar Inc. […]
Millions of Americans make 5x leveraged bets on their homes
Article: Felix Salmon (via Axios) You wouldn’t make a 5x leveraged bet on the S&P 500 — not unless you were an extremely sophisticated financial arbitrageur, or a reckless gambler. Even then you wouldn’t put substantially all of your net worth into such a bet. Stocks are just too volatile. But millions of Americans make 5x […]
Jerome Powell Signals Openness to Rate Cut as Uncertainty Dims Outlook
July 10, 2019, 5:30 AM PDT Updated on July 10, 2019, 7:44 AM PDT By (Bloomberg) Craig Torres and Christopher Condon Since Fed officials met in June, “it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook,” Powell said in prepared remarks to U.S. lawmakers Wednesday. […]