What Will Cause The Next Market Crash?
Many Happy Returns
The Feds' Concern About Commercial Real Estate Loans
The shift towards telework in many industries has dramatically reduced demand for office space. The rise in interest rates over the past year increases the risk that commercial real estate mortgage borrowers will not be able to refinance their loans when the loans reach the end of the term. So we've had cows and camels so far. What other ungulates will we draw into the metaphor zoo which we've got today? I don't even know what ungulate is.
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