The Ben Shapiro Show Ep. 1804 - Are American Banks About To Hit The Doom Loop?
Sep 7, 2023
Candace Owens, a conservative commentator and author, joins the discussion on the alarming state of American banks facing a commercial real estate crisis amidst rising interest rates. They analyze the Biden administration's energy policies and their impact on the economy, particularly for lower and middle-class Americans. The conversation heats up around Hunter Biden's legal troubles and corruption allegations, while also touching on political narratives and media bias. Lastly, they critique the implications of age in leadership and military readiness in today's political climate.
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Economic Fragility
- The American economy is fragile, particularly the commercial real estate market.
- Losses on commercial real estate loans could trigger a doom loop similar to the 2008 housing crisis.
Commercial Real Estate Risks
- Inflation has significantly increased construction costs, impacting existing budgets.
- Banks' total exposure to commercial real estate, including indirect lending, is substantial.
Biden's Oil Policy
- Joe Biden's environmental policies, like prohibiting drilling in ANWR, are foolish.
- Cutting domestic oil access during an economic downturn is unwise.