DOW JONES WKN: CG3AA2 ISIN: US2605661048 Forum: Indizes Thema: Hauptdiskussion

Schuldenkrise: Der Internationale Währungsfonds und die westlichen Gläubigerstaaten stecken in der China-Falle: Die Erholung war von kurzer Dauer. Zwar ist die globale Verschuldung 2022 im zweiten Jahr in Folge gesunken. Doch wie der Internationale Währungsfonds (IMF) in der jüngsten Aktualisierung seiner Global Debt Database feststellt, ist dies kein Grund zur Erleichterung. Erstens liegt die Schuldenlast mit 238 Prozent des weltweiten Bruttoinlandprodukts (BIP) noch immer 9 Prozentpunkte über dem Vor-Pandemie-Niveau des Jahres 2019. Zweitens zeichnet sich bereits wieder eine Rückkehr auf den Pfad wachsender Schulden ab, wie vor Ausbruch der Pandemie. https://www.nzz.ch/pro-global/schuldenkrise-der-internationale-waehrungsfonds-und-die-westlichen-glaeubigerstaaten-stecken-in-der-china-falle-ld.1760237

Ownership breakdown of the U.S. equity market. U.S. households currently posses the largest portion of the U.S. equity market. https://www.isabelnet.com/ownership-breakdown-of-the-u-s-equity-market-share-of-corporate-equity-market/

Counterparty Radar: US funds add to single-name CDS positions. Corporate positions exceed SSA contracts for first time on record in Q2. US mutual funds and exchange-traded funds (ETFs) showed a quarterly increase in single-name credit default swap (CDS) positions for the first time since relevant data became available. https://www.risk.net/derivatives/7958000/us-funds-add-to-single-name-cds-positions

China Liquidated The Most US Securities In Four Years To Prop Up Plunging Yuan https://www.zerohedge.com/markets/china-liquidated-most-us-securities-four-years-prop-plunging-yuan

Home Sales on Track for Slowest Year Since Housing Bust Residential real-estate market hindered by mortgage rates, limited inventory https://wsj-article-webview-generator-prod.sc.onservo.com/webview/WP-WSJ-0001283491

Home Prices Fall Further. Demand Crashes, Price Cuts Jump, NAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated. https://wolfstreet.com/2023/10/19/median-price-of-existing-homes-falls-further-peak-was-june-2022-demand-crashes-price-cuts-jump-supply-days-on-market-rise/

Refinitiv: Big Players Walking Away: CRE’s Default Crisis Continues: Big Players Walk Away: Large property owners are walking away from their investments as portfolios no longer meet investor requirements and generate adequate returns. Banks Brace for Impact: US banks, once considered resilient to CRE defaults, are now preparing to sell off property loans at a discount to reduce their exposure, reflecting their waning confidence in the market. https://www.refinitiv.com/perspectives/market-insights/big-players-walking-away-cres-default-crisis-continues/

Scope: Debt-laden companies need to accept steep discounts when selling assets https://www.recapitalnews.com/scope-debt-laden-companies-need-to-accept-steep-discounts-when-selling-assets/

European real estate: companies face jump in bond refinancing in 2024-26 as investment burden grows Europe’s real estate firms face a 40% rise in aggregate bond refinancing to EUR 45bn in 2026 from EUR 32bn next year. With high interest rates set to prevail and multiple pressures for more investment, access to funding is vital to protect credit quality. https://www.scoperatings.com/ratings-and-research/research/EN/175388

Apollo US Housing Outlook: High mortgage rates slowing demand. But housing supply remains very low. https://apolloacademy.com/wp-content/uploads/2023/10/USHousingOutlookOctober2023.pdf

Banks report continued pain on commercial real estate loans https://www.xm.com/research/markets/allNews/reuters/banks-report-continued-pain-on-commercial-real-estate-loans-53668793

Roter Oktober ist da

The Great Reset of Property Prices Is Underway. Brace for More Carnage. https://www.marketwatch.com/articles/real-estate-property-prices-great-reset-8543e3a8

Bond Yields Are Rising Quickly. Why the Fed Is Getting Worried. https://www.barrons.com/articles/treasury-bond-yields-term-premium-3ad3d39b

Eine Welle von Emissionen und eine schrumpfende Käuferbasis dürften zu weiterer Volatilität bei britischen Staatsanleihen führen. Die LDI-Krise könnte sich „sicherlich wiederholen“, sagen Rentenexperten https://www.risk.net/investing/7958034/ldi-crisis-could-certainly-happen-again-pensions-experts-say