What Will Cause The Next Market Crash?
Many Happy Returns
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The Fed's Warning on Commercial Real Estate Debt
Commercial property loans make up more than 20% of the assets of small banks. So it is significant if that default rate picks up on what is quite a sizable chunk of their balance sheet. There's around one and a half trillion dollars of commercial real estate debt that matures in the next three years. Is it going to be affordable? And just the market as a whole, particularly offices,. In terms of offices, the vacant office space in the US is the highest it's ever been.
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