Atlanta tenants vacated almost 300,000 square feet of downtown class A office space last year. Even Austin is getting hit with 6 million square feet empty and Denver and Houston are seeing big defaults. If you happen to be stuck in one of those dying cities and you are not a violent criminal, it may be time to leave. The debt time bomb will be hitting the already fragile regional banks.
In this Episode:
- Bloomberg: Real Estate is a “Debt Time Bomb”
- Our Independence in Exile
- GDP could be overstated by 3%
- IMF worries inflation Can’t be Stopped
- Manufacturing falls for 8 Months Straight
- America’s “Fiscal Death Spiral”
- Biden’s McJobs Economy
I also write at www.profstonge.com
And I’m always on Twitter as @profstonge
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