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Apr 3 5 tweets 3 min read Twitter logo Read on Twitter
NEW ODD LOTS:

The NYC Landlord Who Says The Golden Age Of Being A Landlord Is Over

@tracyalloway and I talked to @SoBendito who explains the political and economic shifts underway, and why he's getting out of being a residential landlord.

bloomberg.com/news/articles/…
@tracyalloway @SoBendito Should be a fun one for everyone. Renters. Investors. NIMBYs. Rent control advocates. All of 'em.

Ben talks about how landlords had it easy for decades and why it's changing now, as the world wakes up to tenants' rights, the need to build more, and other shifting conditions.
Check it out in all the usual places. podcasts.apple.com/us/podcast/the…
Today at 1PM, our guest @SoBendito will be in the Discord, talking about why he's getting out of being a residential landlord in NYC.

So listen to the episode, and then come ask followups or anything else you want to know about the market. discord.gg/oddlots
@SoBendito Full transcript of our chat with Ben:

bloomberg.com/news/articles/…

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More from @TheStalwart

Mar 30
NEW ODD LOTS:

The return of Citi's Matt King, who sees a $1 trillion liquidity drain still coming to the market.

This was a special episode, because he brought a ton of charts to his conversation with me and @tracyalloway which you can see here: bloomberg.com/news/articles/…
@tracyalloway So you can scan these charts and follow along. Or you can watch the full episode on YouTube, where he pulls up the charts as he talks to us.

Or you can just listen in all of the usual places. open.spotify.com/episode/1AhYsH…
Read 4 tweets
Mar 27
NEW ODD LOTS:

It's the legend Betsy Cohen.

On this episode, @tracyalloway we speak to the famous industry dealmaker about how SVB failed Banking 101, and whether now is the time to be investing in tech.

bloomberg.com/news/articles/…
@tracyalloway Among the things we discussed:

- The rise and fall of SVB and where they really went wrong

- The wreckage of the SPAC boom, and what so many dealmakers got wrong

- When will public markets open again for tech startups?

-- What types of companies should go public?
And of course, find the audio here or elsewhere:

podcasts.apple.com/us/podcast/bet…
Read 5 tweets
Mar 23
NEW ODD LOTS:

Is it time for a public option in banking?

@tracyalloway and I spoke to @STOmarova, a professor at Cornell Law, and Biden's first nominee to head the Office of the Comptroller of the Currency, on the case for public to have Fed accounts.

bloomberg.com/news/articles/…
Omarova was forced to withdraw from the process due to brutal opposition from the banking lobby etc.

But now in the wake of SVB, many of her warnings about banking sector risk etc. are becoming rapidly more mainstream.
It was a fascinating conversation about what's next, perhaps, for rethinking the system.

Find the audio in all the normal places

podcasts.apple.com/us/podcast/is-…
Read 4 tweets
Mar 22
BREAKING:

IT'S 25

*FED RAISES BENCHMARK RATE 25 BPS TO 4.75%-5% TARGET RANGE

*FED SAYS `SOME ADDITIONAL POLICY FIRMING MAY BE APPROPRIATE'

bloomberg.com/news/live-blog…
Stocks initially jump
Slight dip in 2 year yields, but not much
Read 4 tweets
Mar 20
NEW ODD LOTS:

Another things to be anxious about right now...

Where the stress is showing up in the $20 trillion Commercial Real Estate market.

@tracyalloway and I spoke to Rich Hill, of Cohen & Steers, about rate shock, office vacancies and bagholders bloomberg.com/news/articles/…
@tracyalloway Among the things we discussed:

- The effect of higher rates

- How diverse the commercial industry is. Some parts are doing just fine (medical) whereas other parts are not (NYC offices).

Here for example are charts of Vornado and SL Green. Two companies with major NYC exposure: ImageImage
@tracyalloway This is another area -- like many -- where the marks being taken in private do not yet reflect what's being shown in public markets. From the rough transcript: Image
Read 5 tweets
Mar 17
EXTRA FRIDAY ODD LOTS:

We had this one line up before ~all this~ happened.

@tracyalloway and I had a fascinating conversation with Nomura strategist Charlie McElligott about the boom in 0DTE options, and their effect on overall market volatility bloomberg.com/news/articles/…
@tracyalloway Among the things we used them:

-- Where did they come from?
-- Who is using them?
-- How much of their rise is retail/gamblers etc. vs. institutional portfolio managers
-- The overall volatility regime, and how it differs from the 2010s,

+ more
Find the audio here and elsewhere: podcasts.apple.com/us/podcast/wha…
Read 4 tweets

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