Daily Data: CRE and CMBS are not the same
Banks are better at lending than bundling
Onwards we go, because there is no other way.
Everything reads better in your browser or in the app. The footnotes especially, and Random Walk is really leaning into the footnotes. Plus, if you have the app, you can set delivery to “app only” and then my daily barrage will feel less like a barrage. Unfortunately, substack does not yet have a “Weekly Digest” option, but I’m hectoring them aplenty.
If this email was forwarded to you, please click the shiny blue button: