As I warned weeks ago commercial real estate continues to be one of the primary risks keeping a lid on this market. Spreads in BBB rated CMBS are up 50% from the November 21 panic level. The commercial real estate market is literally imploding before our very eyes:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.