I’m back from vacation in the English countryside, away from the hurly burly of life in our capital markets. While I tried hard not to obsess on the news whilst away, bad news has a way of slithering into your
Latest from Crunched Credit
It’s Not Just a Flesh Wound
I’ve been back from CREFC’s and RER’s annual meetings for a week or so, mulling what those confabs meant. There’s been plenty of reportage on the events, the panels, the parties, the to-ing and fro-ing, but what I want to
Contagion
What I know about cryptocurrency can be inscribed on a head of pin with a jackhammer. But I know it’s a thing; I know it’s a big thing and getting bigger. So, these past few weeks I have been reading
Why Don’t (Enough) Investors Like CRE CLO?
Why don’t enough investors like CRE CLO securities? They all really should, and it would be terrifically helpful to the market if more of them did so. (Okay, terrifically helpful to me.)
It’s the Inflation, Stupid
We certainly have an abundance of bad bits and bobs out there right now, don’t we? War, pestilence, chubby dictators with rockets, buff dictators without souls, miscellaneous threats to world peace. It’s everywhere. Nonetheless, my take remains (see my
The Coming Regulatory Deluge (With Apologies to Louis XV): Smells Like Opportunity to Me
Events keep happening that really do make it clear that we are about to enter a period of enhanced regulatory intrusion into the financial services space. Shocking! And entirely unexpected, right? (You’re winning, sir) While that is in many respects
Ahhh… Miami! Sun, Sand and Commercial Real Estate
CREFC January 2022 – it was supposed to be the comeback conference. Everyone was pumped to spend a few days down south, getting together with their safely vaccinated clients, colleagues and friends. Meetings, mingling and mild mayhem were on the
Prognosticators’ Regret
Just a few weeks back, I penned a sunny and optimistic piece about the growth of the CRE CLO market in 2022 and by implication, the general amicable economic conditions on which the growth of that technology would depend. Being
The CRE CLO Unleashed
Our fine little CRE CLO business has exploded over the past couple of years, hasn’t it? Last year, around this time, I recklessly predicted for my friends at Commercial Mortgage Alert that we might hit $30 billion of issuance in
2021 Golden Turkeys
Welcome, dear reader, to our annual Golden Turkey Awards. But for my commitment to absolute fairness and concern over the appearance of impropriety, I would have awarded the first Golden Turkey Award to Dechert for actually getting the Golden Turkey