Time To Go All-In The “Big Short 3.0”? 80% Of New York Hotels On Verge Of Default
from ZeroHedge: Now that hedge funds have finally started piling into the “Big Short 3.0″ trade, which as we first explained back in June is basically shifting the CMBS short from malls to hotels (via the overexposed CMBX Series 9 index whose BBB- tranche is the fulcrum), every incremental development in the sector is closely scrutinized. And judging by the […]