Welcome to the 86th edition of the Rational Cloning Newsletter (Weekly Ideas Series).
Helping you discover the best ideas of others.
Happy cloning.
Tweets That Make You Go… Hmm 🤔
A New Wave of Real Estate Pain Is Coming After European Rout
Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain.
Property companies have about $165 billion of bonds maturing through 2026, while banks are reducing their exposure to the industry and credit costs are at their highest since the financial crisis. That’s left some of the firms at risk of being downgraded to junk status, making it even more expensive for them to borrow.
Real estate is China's economic Achilles heel | The lynchpin of the Chinese Economic Model
The CBOE index put/call ratio hit the lowest level since March of 2020 on Friday.
Murray Stahl Talks
Check out previous issues of Weekly Ideas👇
The Rational Cloner’s Library
Mosaic Musings #2: Disinflation → Inflation Inflection Point?
Mosaic Musings #3: Royalty Companies: Inflation, I win; Disinflation, I Don’t Lose Much.