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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 5 Feb 2024 - - - #### Evergrande, which has now been ordered to liquidate, has an astonishing $300 billion in liabilities. That places it near the very top of the all-time list of corporate bankruptcies. A lot of Evergrande's liabilities are down payments that Chinese homebuyers made on apartments that remain unbuilt. But even just looking at the bonds and loans outstanding, the amount is greater than $80 billion. Source: TME, Axios [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) ![Evergrande, which has now been ordered to liquidate, has an astonishing $300 billion in liabilities.](https://blog.syzgroup.com/hubfs/25.jpg) ![Evergrande, which has now been ordered to liquidate, has an astonishing $300 billion in liabilities.](https://blog.syzgroup.com/hubfs/25.jpg) 5 Feb 2024 - - - #### While the US economy remains very resilient, many consumers continue to struggle and need to find ways to keep their purchasing power Pay rent or parents [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![While the US economy remains very resilient, many consumers continue to struggle and need to find ways to keep their purchasing power](https://blog.syzgroup.com/hubfs/15-1.jpg) ![While the US economy remains very resilient, many consumers continue to struggle and need to find ways to keep their purchasing power](https://blog.syzgroup.com/hubfs/15-1.jpg) 2 Feb 2024 - - - #### If you cannot afford your rent, you are in good company. According to Harvard University, half of all renters in the United States are paying more in rent than they should. That is defined as using up more than 30% of your income. The good news is rent is coming down in most of the country. The median asking rent is just above $1,700, which is down $63 from its peak in July 2022. That number is going to vary from city to city, but even in Manhattan, rents dropped for the first time in more than two years in November. https://lnkd.in/e\_dmjidG [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![If you cannot afford your rent, you are in good company.](https://blog.syzgroup.com/hubfs/18.jpg) ![If you cannot afford your rent, you are in good company.](https://blog.syzgroup.com/hubfs/18.jpg) 29 Jan 2024 - - - #### A Hong Kong court has ruled that Evergrande, China's largest real estate developer, must be liquidated The stock is now down another 20% today on the news and trading has been halted. Evergrande is now considered the most indebted property developer in the world. This comes at a time when China's HY Real Estate Index is down 85% in 2 years. China is also preparing hundreds of billions in economic stimulus along with considering a ban on short selling. Source: The Kobeissi Letter [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![A Hong Kong court has ruled that Evergrande, China's largest real estate developer, must be liquidated](https://blog.syzgroup.com/hubfs/1706508384442.jpg) ![A Hong Kong court has ruled that Evergrande, China's largest real estate developer, must be liquidated](https://blog.syzgroup.com/hubfs/1706508384442.jpg) 26 Jan 2024 - - - #### BREAKING: 14% of all commercial real estate (CRE) loans and 44% of office building loans are now in "negative equity." In other words, the debt is now greater than the property value on all of these properties. Currently, US banks hold over $2.9 trillion of CRE debt, the majority of which is held by regional banks. Office building prices are down 40% from their highs and CRE as a whole is down over 20%. All as rates rise and many of these loans are due CRE is beyond bear market territory. [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) ![BREAKING: 14% of all commercial real estate (CRE) loans and 44% of office building loans are now in ](https://blog.syzgroup.com/hubfs/1706218797591.jpg) ![BREAKING: 14% of all commercial real estate (CRE) loans and 44% of office building loans are now in ](https://blog.syzgroup.com/hubfs/1706218797591.jpg) 26 Jan 2024 - - - #### The median price of a new home sold in the US is down 17% from its peak in October 2022 (from $496,800 to $413,200) After the last housing bubble peak the median new home price fell 22% nationally before bottoming. Source: Charlie Bilello [#Real Estate|](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The median price of a new home sold in the US is down 17% from its peak in October 2022 (from $496,800 to $413,200)](https://blog.syzgroup.com/hubfs/1706239495995.jpg) ![The median price of a new home sold in the US is down 17% from its peak in October 2022 (from $496,800 to $413,200)](https://blog.syzgroup.com/hubfs/1706239495995.jpg) 22 Jan 2024 - - - #### Real estate as inflation protection in one chart, updated Source: Michel A.Arouet [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) ![Real estate as inflation protection in one chart, updated](https://blog.syzgroup.com/hubfs/1705827414903.jpg) ![Real estate as inflation protection in one chart, updated](https://blog.syzgroup.com/hubfs/1705827414903.jpg) 17 Jan 2024 - - - #### Why are homes so expensive in Canada? Source: Wall Street Silver, The Economist [#Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) ![Why are homes so expensive in Canada?](https://blog.syzgroup.com/hubfs/1705419548869.jpg) ![Why are homes so expensive in Canada?](https://blog.syzgroup.com/hubfs/1705419548869.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/8) [7](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/7) [8](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/8) [9](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/9) [10](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/10) [11](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/11) [❯](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/10) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/real-estate/page/13?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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