The cost of capital is going to be higher for the next five to seven years, he said.
Office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults.
High-profile financial advisors say they're experiencing a surge in enquiries for so-called liability management.
Apollo will pay $42.75 a share for the Hamilton, Bermuda-based insurer.
Steve Eisman said that he is shorting Tesla based on concerns including competition, profitability and management turnover.
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