Sublime

Homeowners who bought around the peak of the market are increasingly finding they owe more on their mortgages than their properties are worth https://t.co/1A9U64dKHq

We’ve surpassed $38T in debt, and we’re still no closer to balancing the budget. Instead, Republicans want to add another $2T in deficit spending, while Democrats want to add $3T. Where does it end?

Explaining the debt/death spiral. Some of my comments were spreading on social media (they was a a discussion in Congress). Debt servicing = 40% of the past deficit. Next year we will pay interest on that. Debt servicing will reach 70% ,80%, displacing other expenditures. On top of the... See more

@rochonpapi $BUR Stock trades for $3B but Argentina owes them $6B. round numbers Worst case, BUR sits on receivable for years. Base case, they get $3B or equivalent in NPV; 10 payments of ~$425mm over 5yrs within next few months Core business is humming,... See more

A must watch for Fannie Freddie followers. Craig Phillips, just hired by Freddie to handle ‘regulatory and conservatorship affairs,’ on how the government has been more than fully repaid on its investment in the senior preferred.

@BKlimer @wallstreetbets $RFP has a 1 Billion dollar Defined Benefit Pension Liability hiding on its balance sheets, that a P/E analysis doesn't show. $CFF.TO Conifex Timber is a much better value, with no lurking iceberg like an underfunded, and growing, DB pension plan.