Landmark Links May 28th – Awkward

Must Read: This quote from an Institutional Investor article about big asset allocators mostly avoiding Opportunity Zone funds is one for the ages:

“Opportunity zones are like high school sex,” said Brett Messing, president of
Skybridge Capital, by phone. “Everyone is talking about it, but nobody is doing it.”


Standing By: Minutes from the Federal Reserve meeting indicate that no interest rate changes are likely coming for some time even if the economy improves.

Bumping Along the Bottom: A choppy week in the market means that yield curve inversion is likely to continue to be a popular topic of conversation in economic circles.


Large Scale: Blackstone is raising $5 billion for its next massive debt fund and, while the promote at 15% above a 6% pref seems reasonable, the management fee –  1.25% per year on invested capital for commitments of at least $400 million, and 1.5% for those below that level – looks expensive AF. (h/t Steve Sims)

Going High Tech: From augmented reality to the latest in analytics, ICSC’s Las Vegas RECon event highlighted the tech tools that aim to enhance brick-and-mortar retail.

Hail Mary: With a fresh start after exiting bankruptcy, whats left of Sears is pinning its future on small stores selling mostly appliances and mattresses.

Low Yield: CBRE Research found that yields on prime industrial real estate fell once again around the world last year.  Here’s a slideshow of where they went down the most.


Leading Indicator: New home sales are among the most reliable leading economic indicators and they just reached a new cycle high in March.

And You Thought Rates Were Low Here: Homeowners in Denmark can now mortgage their homes at negative interest rates for maturities up to five years.


Crumbling: Venezuela’s fall is the single largest economic collapse outside of war in at least 45 years according to economists.

All About the Hype: An entire industry is being built around hemp CBD, but we really don’t know that much about it.

Off the Rails: Forget the bad writing and plot holes, the real reason fans hated the final season of Game of Thrones is because the storytelling style changed from sociological to psychological.

Chart of the Day

Goals AF.



Trifecta: A woman was arrested at a traffic stop for performing oral sex in a car, drinking beer and smoking crack because Florida.

Father of the Year: Meet the dad who filed a fake police report claiming that his daughter’s Girl Scout Cookie money had been stolen by a burglar but actually used it himself to pay for a rub and tug.

Tuck Rule: Pornhub recently unveiled something that its calling a ‘Bonerless Bathing Suit’ to prevent unwanted public erections.

That Will Leave a Mark: A man allegedly hiding drugs in his rectum accidentally shoot himself in the testicles. The bag full of drugs was discovered when he went to the hospital for surgery.  Clumsy and stupid is a wonderful combo but at least he probably won’t be able to procreate now. (h/t Stone James)

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