Bankruptcies surging higher

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The rise of defaults and bankruptcies are just in the early stages. Plus, the dollar exposure is gigantic (CRE alone is $1.2T of distressed assets). Numerous small & medium size banks failures are coming to a community near you.

— cynical1 (@eb10s) February 17, 2024

See also Peter Schiff: Inflation pressures gold, but Fed cuts and QE will drive it higher. Tavi Costa: Agricultural commodities surged; inflation battle continues.

See also The cost to buy is surging far beyond renting. Income needed to buy a house now dwarfs median U.S. income, making the subprime bubble seem minor by comparison.