Michael Bowen

📈🏢 Aby Rosen's RFR Holding is facing a staggering $2.5B debt bill as defaults pile up! 💥 🔎 According to a recent Bisnow article, RFR Holding, a prominent NYC real estate firm, is grappling with mounting debt and defaults. The company, led by billionaire Aby Rosen, has a portfolio of high-profile properties, including the iconic Seagram Building and Lever House. 🏢🏦 📊 The firm's debt load has surged to a whopping $2.5B, with $1.1B in loans maturing this year alone. 💸 The pandemic has hit the commercial real estate market hard, causing defaults to skyrocket. RFR Holding is no exception, with defaults on several properties, including the $200M mortgage on the Seagram Building. 📉 🗣️ "The pandemic has created a perfect storm for commercial real estate," said one industry expert. "Companies like RFR Holding are facing unprecedented challenges as they navigate this difficult time." 🌪️ 🔜 So, what's next for RFR Holding? The company is reportedly exploring options to refinance its debt and avoid further defaults. 💡 With the commercial real estate market showing signs of recovery, there's hope that RFR Holding can weather this storm. 🌞 Stay tuned for more updates on this developing story! 📰🔔 #RFRHolding #CommercialRealEstate #Debt #Defaults #NYCRealEstate

5

Geopolitical Capitalism/Market Socialism. New post out! https://bit.ly/3WVtAuI During the Cold War, the U.S. and the USSR played a 1 v. 1 great power game. In 1991, the USSR collapsed and the U.S. was left as the hegemon. The game changed to 1 v. None. That lasted until around 2008. Now the U.S. is in a multipolar world with an aggressive near-peer in China. But the game is not back to 1 v. 1. It’s more like 80 v. 80. Geopolitical Socialism → Market Capitalism During the U.S. hegemony, there was no one to challenge U.S. military or political might. While many countries chaffed under this order, the U.S. was a benevolent dictator and everyone who wanted to play by the rules benefited mightily. This top-down control of the geopolitical order is what I am calling “Geopolitical Socialism”. Critically, this allowed for what was as close as we will ever get to “free market capitalism”. You want to shut down your Milwaukee metal bending operation and send it to Mexico China India Bangladesh Indonesia Vietnam? Go for it. You want to manufacture $1,200 iPhones with hundreds of components made overseas? That works. Capital moved freely to wherever it was treated best and the Washington Consensus was gospel. The whole global capitalist system rested on there being no real risks to global supply chains or other forms of disruption. The low-cost provider won in a world of frictionless production. Piracy was so rare they made a Tom Hanks movie about a ship that got boarded. Geopolitical Capitalism → Market Socialism Literally everything has changed 180 degrees. In the multipolar world, we have Geopolitical Capitalism, where global states are in a free market economy, competing or cooperating with each other in highly transactional ways. A country will sign a trade deal with another on Monday and on Tuesday refuse to sign onto a climate agreement with the same counterparty. Everything is about internal political expediency and calming the mobs. Since states are now in the capitalist mode with other states, they are pumping up their own industries and national champions through subsidies, loans, and other means, as well as protecting domestic producers with tariffs and import bans. This is the market socialism part. Countries are negotiating between themselves but companies within each country are supported. Capital doesn’t move as freely now (and it never did out of China) and no one trusts the global supply chain. We skipped the piracy phase and went straight to container ships being shot out of the water by gangs/state-sponsored terrorists/rogue nations. Now the U.S. is overmatched in a 1 v. World game of trying (virtually) single-handedly to secure all global shipping lanes. This is raising costs on everyone and making domestic production very appealing. I discuss the market implications on the full post. Just click on the link!

Strive’s primary investment strategy is to allocate at least 80% of its funds to Bitcoin, with the remaining on short-term money market instruments, like US government securities—

1

What are Intangible Assets? In today’s video, Shapiro from Wholesale Real Estate 4u dives into intangible assets that you can’t touch but hold massive value! From Amazon Prime to your 401(k), stocks, and even your natural talents, these invisible assets are key to growing your wealth Are you curious about how to leverage these untouchable assets? Watch now to learn more! #wholesalerealestate #intangibleassets #investsmart #growyourwealth #financialassets #amazonprime #stocks101 #401k #buildyourfuture #untouchablewealth

1

Pundits on the political left and right are jousting this morning about who won last night's presidential debate. Well say what they will, we have all heard the expression "Money talks and Bul$!**t walks!" If you look at the stock price of Trump Media & Technology Group Corp. (DJT) this morning you will find it is getting crushed and the solar energy stocks are rising significantly. That's the money talking. I have commented on previous occasions that (DJT) is a worthless enterprise. If you were invested in it, one might consider you foolish, but, if you ride it to the bottom, you are simply a fool. Disclosure: We have no position in (DJT). On a day when the major indices were all up the stock closed at $16.68, -1.95 down (-10.47%).

1

Wow. Last week’s progress really warped my mind. I genuinely thought that there was a good chance Biden was going to pass on the veto (he had until Monday June 3rd to decide). SAB121 is a fundamentally bad SEC accounting provision. It requires registered companies (i.e banks) who custody digital assets to hold them as liabilities on their balance sheet, so they have to back digital assets they do custody with cash 1:1. As an SAB it came in without notice and comment. The lack of institutional custody providers in digital assets in the US is a significant obstacle to adoption, not reflected in other countries who have an equally cautious approach to financial services regulation, such as by Germany’s BaFIN and Singapore’s MAO. Everyone talks about digital assets leaving the US but the outflows have always been a lot less than the talk (although not insignificant). But on custody there is a point approaching soon at which I think the business will just go overseas and the capability will not advance in the US.

3

Week in the #Market #News Jul 30: #ConsumerConfidence Jul 30: #JOLTS Jul 31: #FOMC Aug 1: #JoblessClaims Aug 1: #USProductivity Aug 1: #ConstructionSpending Aug 2: #Unemployment Aug 2: #FactoryOrders Please don't forget to visit my #YouTubeChannel https://lnkd.in/eKvHn9mV #Trading #Traders #DayTrading #DayTrader #StockTrading #Stocks #StockMarket #WallStreet #Invest #Investing #Investors #NASDAQ #SwingTrading #Stock #Stocks #Futures #Investor #StockTrader #Economy

5

What does Trump’s return mean for the economy? Join my colleagues from our CIO research team, as they examine potential tax cuts, immigration curbs and the possibility of a new trade war. We assess the potential impact on monetary policy and financial markets around the world with expert insights. #Economy #USPolitics #MacroBytes #ExpertInsights

39