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Podcast and Chill #77
Commercial Real Estate Cycle; Halting AI Development; DAOs Face Regulators
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“Dan McNamara, veteran commercial MBS trader and founder of Polpo Capital, joins Forward Guidance to argue that the commercial real estate (CRE) default cycle has only just begun. McNamara notes that the fall of Silicon Valley Bank (SVB) and Signature Bank is causing regional banks to curb lending to commercial real estate projects, and that as a result many property developers will strategically default and walk away from the buildings. McNamara shares why he has been shorting the riskier tranches of CRE loans via the CMBX, and he tells Jack Farley why the cascade of defaults he expects will cause tremendous damage to the securitized market for CRE loans.”
“Max Tegmark is a physicist and AI researcher at MIT, co-founder of the Future of Life Institute, and author of Life 3.0: Being Human in the Age of Artificial Intelligence.”
“How can decentralized autonomous organizations (DAOs) be more resilient? Gabriel Shapiro, general counsel at Delphi Labs, and Fatemeh Fannizadeh, lawyer and researcher, survey the landscape and offer their insights on what will fuel the next wave of DAO innovation. Are new rules from U.S. states like Wyoming and Utah a boon for DAO creation? Or will the proceedings against Ooki DAO by U.S. regulators cast a pall on this emerging segment of the Web3 world?”