Friday, November 24, 2023
Commercial Real Estate Mortgages Nearly Double Delinquency Rate in a Single Year as Vacancies Climb
The commercial real estate sector is facing the possibility of a substantial number of bankruptcies that could ultimately hamper economic recovery and threaten the wounded banking industry, according to experts who spoke to the Daily Caller News Foundation.
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I don't think that people understand just how fragile the economy is right now. I am no financial guru, I don't even understand how the big picture works for the nation or the world. What I do know is what I have seen in my over 6 decades on the earth, and that is when the economy is not doing very well, signs of recovery are usually touted by the party in power trying to STAY in power when there is no actual recovery on the horizon.
ReplyDeleteThe Biden administration has been giving numbers every month that shows how the economy is growing, then when the whooping and hollering by the Democrats and their media sycophants is over, the administration quietly revises those numbers downward.
That is nothing new, I seem to remember Reagan's administration doing that at least a couple of times, when the interest rate was running in the 20% plus range.
The thing that scares me most is that Democrats always have a plan that works to get America out of a recession or depression, and that plan is called war. You can find a few examples of it, but the most relevant one is FDR and his WWII plan. Those who don't know of this might be surprised but he sought a way to get America involved in the war without taking any blame for being a warmonger. His manipulation of events like an undeclared naval war on Germany, his willingness to at least bend, more like break the Constitution, and of course secretly shipping Great Britan surplus war materials in what is called Lend/Lease, with reports of things like warnings of Japan attacking Pearl Harbor both before and the day of such attack being ignored were all signs that he was willing to do just about anything to bring us and the world to the brink of destruction in order to keep his party in power.
Like they say if history doesn't repeat it sure does rhyme. Lend/Lease at least resulted in our citizens getting some of the weapons returned and being able to purchase them later. There is no chance of our getting any of the billions of dollars worth of weapons sent to the Ukraine back for purchase by civilians. Because of course, civilians can't own things like true Assault Rifles, built after 1986. And we can't own any of them built before that date without a bunch of red tape, plus a price many times the original cost of the gun new. And forget about the weapons we left in Afghanistan. Those have been found in Gaza, used against Israel, among other places. FJB.
C'mon, Pigpen. Paragraph breaks please.
DeleteI enjoy your comments but this one is a headache.
It's common knowledge large companies have been buying up thousands of single family homes cash on the barrel head for over 10 years and renting them out for inflated rates They don't give a shit what the interest rates are. Let's not forget the kraut Claus Schwab’s prediction: "You will own nothing and be happy"...We're on the way and there's nada us working slobs can do about it. So go back to your beer and football.
ReplyDelete"Bankers facing consequences of their own manipulative interference, and this is somehow our fault, and everything's going to suck for awhile."
ReplyDeleteWe really need to torch the federal reserve, those leeches are sucking too much blood out of the economy, and it's causing some real problems.
All on schedule. By design.
ReplyDeleteIs this going to be another "Too Big to Fail" thing like everything else in 0bamas first two terms?
ReplyDeleteBankers will not face consequences. Unless "consequences" mean fat bonuses and mega million pennsions. They get Get Out Of Jail Free cards, courtesy of the taxpayer and the Magic Money Creation computer. They do not even have to put ink on paper anymore.
ReplyDeleteThe taxpayer, those who trust their hard earned with the bankers, and those forced to default face consequences.I
Roll up, roll up for the follow-up financial collapse. Scheduled for circa 2034.