For more than 44 million borrowers with $1.5 trillion in outstanding student debt, Congress is offering relief on top of what the White House and the Education Department have already announced....
(Bloomberg) -- Tom Barrack, who a week ago warned that commercial real estate financing was on the brink of collapse because of the coronavirus pandemic, is now calling for a moratorium on margin calls and intervention by the Federal Reserve to keep values of mortgage debt from plummeting further.“America needs the immediate cooperation and support from our banking sector,” Barrack, chairman and chief executive officer of Colony Capital Inc., said in a white paper he posted on Medium.The threat of widespread defaults has caused waves of selling in the market for commercial mortgage-backed securities. Banks in turn are demanding cash and seizing collateral from vehicles that borrowed to invest in CMBS and other forms of asset-backed debt, a practice that drives down prices even further. One index of mortgage REITs, or real estate investment trusts, has collapsed by more than 50%, in part because of those margin calls.Barrack argues that JPMorgan...
For more than a decade, making money investing in stocks has been extremely easy. A combination of robust economic growth and record-low interest rates has made it easy for U.S. companies to thrive and stock prices to rise.However, making (or preserving) money in the market during a recession is a much more difficult prospect, and successful investors often take a completely different approach to the market during an economic downturn.A recession is a general decline in economic activity over an extended period. Many define a recession as two consecutive quarters of negative GDP growth.Benzinga offers free guides and resources to find out how to maximize, grow, and invest your money.Whether it's the first recession you've experienced firsthand or your portfolio has gotten burned badly in previous recessions, here are eight recession investing strategies that could help you navigate the downturn.1\. Do Not Dump All Stocks When a recession hits, stocks underperform...
