/biz/ - Business & Finance

Daily reminder that we are headed for a major, global banking crisis
https://markets.businessinsider.com/news/stocks/commercial-real-estate-crash-prices-credit-crunch-office-demand-economy-2023-7
https://archive.is/TWenS
>Commercial real estate values are set to crater as much as 40% by 2025 in these 6 cities Capital Economics said
>San Francisco, Chicago, New York City, Los Angeles, Boston, and Washington, DC.
>Morgan Stanley sees a 40% crash in commercial real estate prices, meaning the sector would suffer an even more severe downturn than it did in 2008.
The banks are all have massive losses from their bonds. Bank of America for example, $100 billion in losses on bonds
https://financialpost.com/financial-times/bank-of-america-nurses-100-billion-paper-loss-after-big-bet-in-bond-market
>Bank of America nurses $100-billion paper loss after big bet in bond market
So. You have the banks getting fucked in their assholes by the bond market. Then you have the banks getting skull fucked by commercial real estate crash. Meanwhile, the inverted yield curve killing lending profitability is pinching the banks nipples. And all this at the same time, deposits are flowing out of the banks - why keep your money in a savings account making 1% interest?
>huge bond losses
>huge commercial real estate losses
>huge lending losses
>huge deposit outflows
You have been warned. You will not listen. You will still be surprised when it happens, and you will say nobody warned you.

Daily reminder that we are heading for a major, global banking crisis
https://markets.businessinsider.com/news/stocks/commercial-real-estate-crash-prices-credit-crunch-office-demand-economy-2023-7
https://archive.is/TWenS
>Commercial real estate values are set to crater as much as 40% by 2025 in these 6 cities Capital Economics said
>San Francisco, Chicago, New York City, Los Angeles, Boston, and Washington, DC.
>Morgan Stanley sees a 40% crash in commercial real estate prices, meaning the sector would suffer an even more severe downturn than it did in 2008.
The banks are all have massive losses from their bonds. Bank of America for example, $100 billion in losses on bonds
https://financialpost.com/financial-times/bank-of-america-nurses-100-billion-paper-loss-after-big-bet-in-bond-market
>Bank of America nurses $100-billion paper loss after big bet in bond market
So. You have the banks getting fucked in their assholes by the bond market. Then you have the banks getting skull fucked by commercial real estate. Meanwhile, the inverted yield curve killing lending profitability is pinching the banks nipples.
You have been warned. You will not listen.