Small banks now hold a massive $1.9 TRILLION of commercial real estate (CRE) loans.
— The Kobeissi Letter (@KobeissiLetter) August 12, 2023
This is up nearly $1 trillion since 2017 while large bank exposure stood flat.
CRE is also dealing with mass vacancies and prices are down 20%+ in 1 year.
The worst part?
Over $1.5 trillion… pic.twitter.com/cJ4MLzF1Yc
In Russia, back to the Middle Ages??
https://www.dailymail.com/news/article-16182289/Russian-hospitals-hundreds-people-quarantine-amid-fatal-pneumonic-plague...