The Stealth Real Estate Bubble
A record $2.5 trillion of CRE debt will mature between now and the end of 2027. However, several massive headwinds could make it more difficult than usual for borrowers to refinance these debts this time.
Topic
recession
A collection of 30 issues
The Repo Man Is Here
The auto lending bubble is popping as more Americans are unable to pay their car loans. The tightening credit conditions that are weighing on subprime auto borrowers signal danger for the far larger corporate and government debt markets.
Defeating Toadzilla
For the past several months here at Porter & Co., we’ve urged long-term investors to be cautious. We continue to believe a severe economic contraction is approaching. But that doesn't stop us from finding shorter-term bullish opportunities.
How to Escape The “Winner’s Curse”
Betting on perfection is a fool’s errand in any environment. It’s particularly risky today as the economy teeters on the edge of recession and a looming debt crisis. Fortunately, the bubble in AI and tech stocks is setting up a tremendous opportunity elsewhere.
Portfolio Update: Four Deeply Distressed Industries to Watch
In our view, the distress ratio is likely to double or triple from its current level by late 2023 or early 2024. And that means a crop of new distressed opportunities will soon arise.
Why Tesla Is In Deep Trouble
Tesla’s rivals have been investing heavily in their own EV production and are now, for the first time, challenging the company in quality, innovation, and performance. This means that Tesla is now staring down a threat unlike any it has seen before.
America Is Bankrupt
America is not yet lost. But we are very close to the complete collapse of not only our financial system, but our entire way of life.
“Quantitative Teasing”: Why QE Is Not Back to Save Your Portfolio (Yet)
The reality is that the Fed’s actions could have the near-opposite effect of QE. Instead of easing financial conditions and boosting asset prices, they’ll likely lead to further tightening and hasten the arrival of the impending credit crunch.
The “Black Swan” Trader Strikes Again
In today’s “two-for-the-price-of-one” recommendation, we pair one of the best distressed debt vehicles available, with a company that offers an inflation hedge through its exposure to higher commodity prices.
The Ultimate Bank Run
Eventually, people will stop worrying about the viability of private banks like Credit Suisse, and start worrying about the viability of central banks and the currencies they issue. The coming loss of faith in government-issued currency will cause the ultimate bank run – a run on central banks.