Bob Sugar
Active Member
Greg wins the internet this week
The Harris/Biden Administration: Coming Together to Build Back Better
- Thread starter HFrog1999
- Start date
Greg wins the internet this week
Sweat Equity
Tier 1
I generally attempt to stay away from posting this kind of stuff but this gave me a chuckle.
gohornedfrogs
Tier 1
It’s by design. It will mean Republicans will never win another election once the illegal immigrants are granted citizenship.
Sweat Equity
Tier 1
Sweat Equity
Tier 1
Jet Set Frog
Full Member
Sweat, I'm not a finance guy (colossal understatement). Can you provide the cliff's notes on the implications of this?
CountryFrog
Active Member
We're scheissed
jack the frog
Full Member
Not Jim Cramer has the Cramer drama queen act down pat.
Been looking at a tad more duration lately but keeping powder dry. Tom Gayner commented just recently that he was pitched 30 year German notes at 40 points within the last 20 months or so. Now says he is buying A rated Corp roughly 300 points better than just two years ago. Good news for MKL and RLI.
froginmn
Full Member
I'm no finance expert myself, but I am in the commercial real estate industry, and what this means at least for us is lots and lots of defaults and/or cash flow problems coming down the pike if this rate doesn't fall back down into the 3's next year.
We are building projects that underwrite to a 7.5% return on cost are being financed with floating rate loans that are currently 8%+, and in some cases, 100-200 bps higher than that. That math doesn't work, and in my 20+ years in the industry, I've never seen that. Either rates come down, or some carnage ensues, and rate decreases are baked into a lot of proformas. If they stay high, look out.
jack the frog
Full Member
I'm no real estate expert by any means but as a bond buyer you describe part of my quandary. Do you lock in yield over time and eat the inversion penalty or hang around too long and lose the opportunity around some really bad economic behavior as you suggest. I've been laddering to some extent.
Dogfrog
Active Member
Sen Menendez indicted.
amp.cnn.com
Call me a conspiracy nut but Im ashamed to say it has crossed my mind that there might be more officials taking bribes in our government than not.
Sen. Bob Menendez and wife indicted on bribery charges; DOJ seizes gold bars and $500,000 | CNN Politics
New Jersey Democratic Sen. Bob Menendez was charged on Friday with corruption-related offenses for the second time in 10 years.
Call me a conspiracy nut but Im ashamed to say it has crossed my mind that there might be more officials taking bribes in our government than not.
