Obama’s climate-change priorities, including the Paris climate agreement and the social cost of carbon emissions.

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Hedge funds focused on rising consumer credit risk have been buying default protection on this tranche because of its heavy exposure to U. This week, Macy’s and Kohl’s 1Q comp sales missed estimates.

In CMBX6 there are sub-indices, each referencing 25 bonds from a portfolio of 25 CMBS offerings issued in 2012.

Retailers are expected to close over 9000 locations by the time 2018 rolls around, substantially higher than the numbers seen following the 2008 financial crisis and recession.

CMBX6 in Some Pain Off nearly 10% on the year, CMBX6 is the “big short” in the mall space. The Bloomberg Reit Regional Mall Index (BBREMALL) plunged another 4% this week – lowest intraday print since March 2014 – off 33% since August 2016.

We think this number is closer to $40B, ultimately – when the dust settles. Core CPI ex Shelter 2017: -0.9%* 2016: 2.2% 2015: 1.4% 2014: 0.8% 2013: 0.2% 2012: 1.9% 2011: 2.4% 2010: 1.1% 2009: -0.3% 2008: 0.4% 2007: 2.1% *weakest quarter in at least 17 years Bloomberg, Nordea Markets IHS Markit CMX BBB- Series 6 Price Index With the U. economy at “full employment” and the Federal Reserve hiking interest rates – credit risk is surging.

Core CPI, the Credit Contraction Connection At what point does the credit contraction in commercial real estate, auto loans, credit cards and student loans – leak over to core consumer prices? We believe 2017 will be a watershed moment, an acceleration of retail store closures and rent reductions – leading to credit risk contagion.What’s Our List of Systemic Risk Indicators Saying now?President Barack Obama and President-elect Donald Trump shake hands following their meeting in the Oval Office of the White House in Washington, Thursday, Nov. (AP Photo/Pablo Martinez Monsivais) ** FILE ** more In another sign that the transition isn’t proceeding as smoothly as President Obama professes, the Energy Department refused Tuesday to provide President-elect Donald Trump’s team with a list of federal employees who have worked on climate-change programs. The Trump team’s questionnaire sent to the Energy Department has so alarmed Democrats that Sen.These are all civil servants who do their jobs,” said Tony Reardon, national president of the National Treasury Employees Union.“They have no wish to be caught up in political winds — they are nonpartisan employees — scientists, engineers, statisticians, economists and financial experts — who were hired for their knowledge and they bring their talent and experience to the job every day.”Looking ahead to new leadership at the Energy Department, top Republicans praised the pending Perry selection Tuesday.“Rick Perry is an excellent choice to lead the Department of Energy,” Sen. Inhofe, Oklahoma Republican and chairman of the Senate Environment and Public Works Committee, said in a statement.White House press secretary Josh Earnest expressed concern that the move by Mr. Perry for Energy secretary, saying the administration’s refusal to turn over a list of agency employees’ names involves defense of the principle that “career civil servants are evaluated based on merit and not on politics.”“And I’m sure that the president-elect used the same kind of criteria when choosing his new Department of Energy secretary as well. Maria Cantwell, Washington Democrat, sent a letter Tuesday to Energy Secretary Ernest Moniz asking him to warn her if Mr.