Loading ...Real Estate could be a problem for banks and not even the tip of the iceberg yet.
In another article he said and usually doesn’t get political but sounds like he sees the lunatics destroying this country, that they need to have a adult conversation” if there is any” over their spending, devaluing the dollar and leaving our future generations with their debt. That sounds to me they’re making it impossible to lower interest rates. Then below article real estate again is going to be a issue for banks. I wonder if they are the same people who gave themselves bonuses in 08 after they crashed the economy.
https://fortune.com/2024/02/06/powell-warns-impact-of-commercial-real-estate-on-banking/