Housing defaults have skyrocketed to levels not seen since the 2008 Financial Crisis; Geopolitics erode foreign buyers; Chinese buyers drop to 11%.

WARNING: Housing defaults have skyrocketed Such a run-up was last seen during the Financial Crisis pic.twitter.com/KcDppiC6Lz — Bravos Research (@bravosresearch) July 19, 2024 Housing Affordability Continues to Erode The latest data on housing affordability paints an increasingly challenging picture for …

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Chinese banks are now vanishing

🇨🇳 Why Chinese banks are now vanishing – The Economist*In the week ending June 24th, 40 Chinese banks vanished as they were absorbed into bigger ones.https://t.co/Zah97WGTZ4 — Christophe Barraud🛢🐳 (@C_Barraud) July 11, 2024 via MSN: The Chinese banking sector is …

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The mental health crisis continues.

The mental health crisis continues. https://t.co/HnF2w5fXxq — Scott Adams (@ScottAdamsSays) July 10, 2024 "THIS IS ABOUT KEEPING WHITE, MALE, AND CHRISTIAN DOMINANCE OUT!" Joy Reid is having another breakdown: pic.twitter.com/UOFiHJrsns — End Wokeness (@EndWokeness) July 10, 2024

NY Fed article explaining how doomed the Financial System is when the next 2008 GFC sized crisis occurs.

by mark000 Going to be so bad: https://libertystreeteconomics.newyorkfed.org/2024/06/the-growing-risk-of-spillovers-and-spillbacks-in-the-bank-nbfi-nexus/ the system may be disproportionately exposed to financial and economic instability when aggregate tail risk materializes. bank-NBFI dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to …

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