Sunday, February 11, 2024

Looks like Another "Tip of An Iceberg"...until it all sinks in

 

The ‘Greatest Real Estate Crisis’ Since 2008 Starts to Hit Banks

NYCB was downgraded to junk by Moody’s, PBB and Aareal saw bonds plummet on their US CRE exposure

A logo on a sign outside the headquarters of Deutsche Pfandbriefbank in Garching, Germany.

Photographer: Michaela Stache/Bloomberg

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Dollar De-Dollarization....Global Reserve Currency RE-Alignment

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