David Lifschultz: Blackstone Stock Down 43% Last Year

BLACKSTONE STOCK DOWN 43% LAST YEAR DEBT CRISIS COMING by DAVID K. LIFSCHULTZ COMPLEMENTS OF THE LIFSCHULTZ ORGANIZATION SINCE 1899 This Roubeni analysis below is correct. There is a variable rate shock coming in the major real estate markets where many of the players took on variable rate mortgages on buildings for their low rates and now cannot refinance at the higher rates as the mortgages come due.  It can jeopardize their entire company. Even if they do not come due they cannot absorb the higher rates based on the variable rate nature of their mortgages. Adjustable-rate mortgages (ARMs), also known as variable-rate…