SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 2 months agoThe coming commercial real estate crisis of U.S. banksgnseconomics.substack.comexternal-linkmessage-square3fedilinkarrow-up121arrow-down10
arrow-up121arrow-down1external-linkThe coming commercial real estate crisis of U.S. banksgnseconomics.substack.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 2 months agomessage-square3fedilink
minus-squareThe Snark Urge@lemmy.worldlinkfedilinkEnglisharrow-up4·2 months ago Banks facing increasing problems will raise their provisions, negatively affecting their profitability and, more importantly, the credit market. Bank failures are almost certain to follow, as warned by the Chairman of the Fed, Jerome Powell. Defaults are back on the menu
Defaults are back on the menu