The world produces an average of 430 million metric tons of plastic each year. The United States alone produces tens of millions of tons of plastic waste annually. Yet on average, only about 5 to 6 percent of plastic in the U.S. is recycled. NPR correspondent Michael Copley joins Ali Rogin to discuss a new report on the plastic industry’s tactics to push recycling and avoid regulation. Here is a direct video link.
US commercial real estate prices have declined an average of 33% since early 2020, with a 60% decline in the office sector. Similar trends are unfolding in Canada.
US office loan delinquencies of 30 to 60 days (dark blue below, courtesy of Bespoke) and over 90 days (light blue) have spiked in the past year to levels last seen in 2009.
Delinquencies take some time (and legal process) to translate into motivated sales by owners and lenders. But as price discovery unfolds, other owners and lenders are forced to mark holdings to reflect lowered market values as well.
The segment below discusses the typical contagion impacts of weakness in real estate–the world’s most widely held and leveraged asset class.
Drew McKnight, Fortress Investment Group co-CEO & managing partner, joins ‘Fast Money’ to talk the real estate and banking spaces and why he believes commercial real estate is still a big problem for banks. Here is a direct video link.
Danielle was a guest with Jim Goddard on Talk Digital Network, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
Market’s concentration of top 10% largest stocks is now at THE highest level since the 1930s (courtesy of Game of Trades).
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