The Post-COVID Reckoning in Air, Land & Sea Splurges.
An institutional-grade macro journal and asset-backed security (ABS) analytics tracker breaking down consumer over-leverage, OEM inventory gluts, and impending default waves.
Air & Private Prop
Tracking light aircraft financing overhang, fractional jet utilization declines, and private aviation discretionary retrenchment.
Land & RVs
Analyzing recreational vehicle inventory bloat, wholesale floorplan loan strains, and consumer repossession velocity across tier-2 lenders.
Sea & Small Craft
Scrutinizing marine finance ABS structures, boat dealer floorplan write-downs, and luxury watercraft delinquency triggers.
The Core Thesis
During the pandemic liquidity wave, the American consumer leveraged up across recreational assets—acquiring watercraft, RVs, and personal aircraft on extended amortization schedules backed by low rates and stimulus-inflated cash flows.
As debt-servicing costs peak, refinancing windows slam shut, and excess savings evaporate, these pandemic-era splurges are coming due. We provide hedge-fund style forensic breakdowns of ABS trust performance, subprime auto and discretionary credit degradation, and equity structures exposed to the consumer cliff.