https://finance.yahoo.com/news/forever-empty-offices-malls-may-110001337.html
We've been warning about this on our numerous postings.
http://sg-stock.blogspot.com/2020/10/the-us-hospitality-debts-are-going-to.html
http://sg-stock.blogspot.com/2020/07/us-cmbs-is-in-precarious-situation-now.html
“Investors in these securities will definitely take losses -- it’s just a matter of when,” McNamara said.
The US FED is the primary buyer of CMBS and MBS and is likely to take a heavy hit from these securities.
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