Andy

mashallah

ORD was as close to deserted this morning as I’ve ever seen it on a Friday morning before a holiday

can’t be bothered to get out of bed unless spreads have a 6 handle

I’m certain CPPIB (Antares) is perfectly content with this outcome, but common equity is not a great asset for a BDC (traded or non-traded) that is trying to generate high distribution yield for shareholders

Love a good “loan-to-own” story (derogative)

switching over to Illinois/Bama and watching them each shoot 45% from 3 is a real palate cleanser after watching MU look so putrid

Really bad loss for Marquette. Season’s over before Thanksgiving…

‘Battle Cry of Freedom’

if you bought in 2018 and refi’d down to 2 3/8 mortgage with 60% equity in an SEC grad metro and don’t wanna HELOC your backyard reno next summer, it’s because you’re worried about your job going away and also carrying a balance on your credit card that should get paid down with that HELOC instead

presumably they are baking on more domestic“offshoring” of BAML and WFC jobs? I dunno

Sunbelt office developers

what is your base case for home price declines nationally? Stock of mortgage debt outstanding is, what, $13-14T vs. housing stock of $40T. Even a 25% decline would imply aggregate LTV of 45%

Loop loss fallout: Chicago homeowners hit with biggest property tax bill hikes in decades Chicago homeowners wondering what the pandemic's thrashing of the Loop means for their wallets now have an answer.

related www.chicagobusiness.com/commercial-r...

The Office Market’s Budding Recovery Is Leaving Most Cities Behind While a handful of business districts are leading a turnaround, many office markets are still burdened with empty space and anemic rents.

The office market remains a disaster for most cities outside of NY/SF class A

www.wsj.com/real-estate/...

I think the James Franklin hire is good*. He’s a proven program builder and has been ‘crootin DMV for ages already. Actually think this hurts Penn State.

*he needs to hire a Madden kid for the game theory stuff

Bottle of the best Albariño in the world

Inside a pot of lamb biryani

Happy Sunday, you guys

Avenue Restaurant in Regina is really great for a nicer lunch or dinner.

Don’t miss Remai Modern if you’re in Sask. Food scene is pretty unremarkable, sadly

Been saying it for years

NV Champagne Le Mesnil BdB, 2016 Sociando and 2019 Gouges Les Pruliers. I’m gonna decant the Bordeaux for an hour or so

Happy Friday, you guys

Shares are -18% YTD

the capital and current account must…balance

my god, it’s thirteen years old?

Glad to see there are still plenty of idiots running around City Hall!

just play the NBA Cup Final Four over that weekend

If you are Chicagoland area, we are maybe gonna get another chance to peep the Lights tomorrow night. G4 storm in the forecast

Outkast, at last Outkast played what might be their last shows ever this weekend. This is what it was like one of those nights.

Atlanta version www.sbnation.com/2014/10/1/68...

Happy SIFMA Market Holiday on a Tuesday Eve, you guys

Started from the bottom now we here

Objectively true that the secret best way to make great pancakes is by separating the eggs and whipping the whites before folding them into your batter