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Junk Garbage Repackaged Into AAA Investments. Sound Familiar? It’s Happening NOW.

2008 ALL OVER AGAIN — “NOTHING CAN GO WRONG!”

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We’ve seen this all before. Taking way too much risk. Highlighting the apparent dangers in the system and the obvious fact that this cannot be sustained. There’s no alternative to this. They need more yield, better returns. But bonds are practically worthless, so the mad scientists create products from garbage and attempt to call it modern art. Call it what you want, either way, it stinks.

 

Cerberus Is Repackaging Near-Junk CMBS Into Top-Rated Securities – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-01/cerberus-is-repackaging-near-junk-cmbs-into-top-rated-securities?sref=6uww027M

Mortgage: Ultra-Rich Use Giant Home Loans to Access Cheap Credit From Banks – Bloomberg

https://www.bloomberg.com/news/articles/2020-10-02/mortgage-ultra-rich-use-giant-home-loans-to-access-cheap-credit-from-banks?sref=RJ2RlMrh

Zumper National Rent Report: October 2020

Zumper National Rent Report

Check out Zumper’s National Rent Report for the latest insights and rental trends in the top 100 cities in the U.S.

San Francisco one-bedroom rent dropped 20% from Sept. 2019 to 2020

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Department of Labor Acknowledges Bounced Checks, Says Affected Persons Should Redeposit

Department of Labor Acknowledges Bounced Checks, Says Affected Persons Should Redeposit

Residents earlier this week were reporting to the Consortium that unemployment insurance checks prov…

During pandemic, The Food Basket is serving 80,000 people a month | Hawaii Tribune-Herald

During pandemic, The Food Basket is serving 80,000 people a month

One year has made quite a difference for The Food Basket.

Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells | OilPrice.com

Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells | OilPrice.com

Texas taxpayers could be on the hood for up to $117 billion for the cleaning up of abandoned oil wells as U.S. companies go bustTags: Texas, Crude Oil, Bankruptcy, Tax, Clean Up, Environment, States, Oklahoma, Bonds

Cruise ship dismantling booms in Turkey after pandemic scuttles sector | Reuters

https://www.reuters.com/article/us-health-coronavirus-turkey-ships/cruise-ship-dismantling-booms-in-turkey-after-pandemic-scuttles-sector-idUSKBN26N2MV

Regal Cinemas Likely Suspending Operations at All U.S. Locations – WSJ

https://www.wsj.com/articles/regal-cinemas-likely-suspending-operations-at-all-u-s-locations-11601793090

AMC Entertainment to “Run Out of Liquidity” in 6 Months, Ratings Agency Warns | Hollywood Reporter

AMC Entertainment to “Run Out of Liquidity” in 6 Months, Ratings Agency Warns

S&P Global cited the exhibition giant’s cash burn rate for another ratings downgrade.

Space bubbles ease New York restaurant troubles | Reuters

Reuters | Breaking International News & Views

Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.

Bear Robotics and SoftBank Robotics Group Announce New Food Service Robot | Business Wire

Bear Robotics and SoftBank Robotics Group Announce New Food Service Robot

Bear Robotics introduces a new line of food service robots called Servi, and a partnership with SoftBank Robotics Group to grow sales in Japan.


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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

The real estate market has been rising along with equities. More people are buying homes. Debt, mortgages. We are at an all time record low for mortgage rates here in 2020.

#money #finance #invest

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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