What I'm Reading Misplaced Blame: The Biden administration has pushed the Ports of LA and Long Beach to begin fining carriers who don't move their containers from the port complexes quickly enough. By this logic, the problems are apparently not a massive backlog and capacity constraints but rather that the...
October 19th – Bluebird
What I'm Reading Bluebird Conditions: With low interest rates, strong capital flows and a favorable market outlook, conditions are more ripe for a lending boom than they have been in years. Question is whether or not the lending discipline that has defined the market since the end of the Great...
May 17th – Trickle
What I'm Reading Trickle: Big banks have seen non-performing loans on their books double year over year. The bad news (for distressed investors)? That translates into only $15.4 billion in non-performing loans on the books with another $2.1 billion in foreclosed properties - a pittance when stacked against the $250+...
April 20th – Turning the Corner
What I'm Reading Turning the Corner: An analysis of the pace of CRE workouts by Real Capital Analytics showed that more US commercial real estate distress was worked out than arose in Q1. However, the authors were careful to note that there is still sizeable potential distress on the horizon...
January 27th – Long Road Back
What I'm Reading Long Road Back: COVID-19 has resulted in a near-total halt in business travel. Beyond the blows to airlines, hotels, travel agents and rental-car companies, the sharp drop in business travel is rippling through whole ecosystems of related commerce, including airport shops, downtown bars and restaurants, construction companies...