Commercial real estate (CRE) issues have been getting more attention this year, causing significant headaches for the banking sector and raising questions about the severity of the situation.
In discussing the Mises Institute's June 24th full-page Wall Street Journal ad entitled "Who Needs the Fed?" on talk radio recently most of the interviewers naturally expressed skepticism over whether the Fed could ever actually be abolished...
The broadly weak trend of US macro data was jolted yesterday by a hotter than expected GDP print - which prompted a hawkish shift in rate-cut expectations.
U.S. banks face a reckoning: Over the next two years, more than $1 trillion in commercial real estate (CRE) loans will come due, according to The Conference Board calculations using MSCI Real Assets data.
The Chinese are now producing documentaries on the collapse of American cities. What this showcases is the grim aftermath of decades of deindustrialization, disastrous progressive policies, and an opioid crisis--ironically fueled by China.
When you look at Joe Biden, you are also getting a visual picture of what is happening to our economy as a whole. Both have been getting artificially propped up for a long time, both are now sick once again, and both are starting to decline very rap
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