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This "virus!" thing just accelerating the already projected retail closings ... CMBS have to be in BIIIIIIIGGG trouble... I don't see how Treasury's 0B of Fed guarantees is going to cover it... unless Fed plans on spending 25 cents on the dollar to begin with... How U.S. retailers are closing stores in the U.S. over coronavirus concerns https://t.co/tGznu3jwRt— Bloomberg Economics (@economics) March 28, 2020
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This "virus!" thing just accelerating the already projected retail closings ... CMBS have to be in BIIIIIIIGGG trouble... I don't see how Treasury's 0B of Fed guarantees is going to cover it... unless Fed plans on spending 25 cents on the dollar to begin with... How U.S. retailers are closing stores in the U.S. over coronavirus concerns https://t.co/tGznu3jwRt— Bloomberg Economics (@economics) March 28, 2020
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Mike Norman considers the following as important:
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This "virus!" thing just accelerating the already projected retail closings ... CMBS have to be in BIIIIIIIGGG trouble... I don't see how Treasury's $400B of Fed guarantees is going to cover it... unless Fed plans on spending 25 cents on the dollar to begin with...
How U.S. retailers are closing stores in the U.S. over coronavirus concerns https://t.co/tGznu3jwRt
— Bloomberg Economics (@economics) March 28, 2020