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Somebody's gonna be wrong

The Compound and Friends

00:00

Commercial Real Estate Borrowing

The good news is that commercial real estate borrowing as a percentage of GDP is well below what it was in the peak in the 80s. The problem is, if you look at the debt that's maturing over the next two years, that is peak. In 2023 and 2024, you've got over a trillion dollars worth of debt maturing.

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