Parisian Family Office, CEO. Started Wall Street, '82. Drexel Burnham alum. Founded Chippewa Partners, Native American Advisors, '95. Chippewa, raised on reservations. Conservative. NYSE/FINRA arb. Pureblood. Independent insight. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN estate, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Play by my rules. Always been, will always be, an optimist.

Wednesday, October 14, 2009

It's coming folks..........

Oct. 13 (Bloomberg) -- Late payments on commercial mortgages bundled into bonds jumped 41 basis points in September from August, the largest monthly increase on record, according to Moody’s Investors Service.

The 3.64 percent delinquency rate compares with 0.54 percent a year ago [that's hmmmm 7-fold], the New York-based ratings company said in a statement today.

“After tapering off for two months, the delinquency tracker appears to have resumed an upward trend as expected,” Nick Levidy, a Moody’s analyst, said in the statement. “The delinquency rate is likely to continue moving higher over the next several months as troubles compound in the commercial real estate sector.”

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