Category Archives: Main Page

In the last decade, the dominant corporate model has been about rewarding short-term extractive shareholders and lenders, at all costs, with the masses dependent on debt to make ends meet.  The price has been lost savings and productive investment along … Continue reading →

As cash flows have plunged in the pandemic shutdown, many rents have not been paid and so payments on loans have been missed and investors who own commercial mortgage-backed securities (CMBS) that hold loans from hotels, apartments, offices and retail … Continue reading →

Worthwhile discussion in this segment. Fed liquidity can stall defaults and bail out some market participants, but not all, and not indefinitely.  Marks expects a slow and halting recovery from the coronavirus pandemic and says “there will be plenty” of … Continue reading →