Thank you so much Rudy. Never stop posting. Your stack is one of my important lifelines in these crazy times. It has felt very dark out there recently and I need your humor. Hope you had a happy 4th!
The push to dump unmarketable private equity assets into retail retirement accounts and the shear amounts of low quality debt out there is truly frightening. Thank you for shining a spotlight on these shenanigans for those who desire to avoid the icebergs. BTW - did you see Nightingale Associates’ post about 311 S. Wacker Drive? Purchased in 2014 for $302MM. Sold recently for $45MM. This is NOT just an Office problem! High rise apartments costing $500,000+ per unit trading in the low to mid $300,000’s. Unimaginable losses increasingly being forced to be realized.
That Aristotle quote … remember how enraged Elon got last year when MAGA folks were talking about reining in H1Bs (“FUCK YOURSELF in the face. I will go to war on this issue, the likes of which you cannot possibly comprehend.“)
Thank you so much Rudy. Never stop posting. Your stack is one of my important lifelines in these crazy times. It has felt very dark out there recently and I need your humor. Hope you had a happy 4th!
The push to dump unmarketable private equity assets into retail retirement accounts and the shear amounts of low quality debt out there is truly frightening. Thank you for shining a spotlight on these shenanigans for those who desire to avoid the icebergs. BTW - did you see Nightingale Associates’ post about 311 S. Wacker Drive? Purchased in 2014 for $302MM. Sold recently for $45MM. This is NOT just an Office problem! High rise apartments costing $500,000+ per unit trading in the low to mid $300,000’s. Unimaginable losses increasingly being forced to be realized.
I will look that one up. Thanks!
Aikens is proving worse then Gensler. So much for market reform.
That Aristotle quote … remember how enraged Elon got last year when MAGA folks were talking about reining in H1Bs (“FUCK YOURSELF in the face. I will go to war on this issue, the likes of which you cannot possibly comprehend.“)
Great article on that
https://theupheaval.substack.com/p/love-of-a-nation