saddled

Pop quiz, Millennials & Gen-Zs: who do you think is going to be saddled with the mountain of debt?

Ok, this is the 'scary chart of the week' floating around, interest payments. Q2 2023 interest of $969.9B on $31.5T of debt. Yellen's outfit just announced another $1 trillion of new debt by end of Q3. Maybe the problem is too much debt? Heretical concept, I realize. pic.twitter.com/a0fyhPuYe9 — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) …

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The wipeout of CRE valuations is going to be epic. Banks, PE locusts, & pension funds saddled with the toxic-waste CMBSs on these buildings are toast.

CRE Panic Hits Baltimore As Second Office Tower Dumped At 69% Discount https://t.co/MyjQjAISAQ — zerohedge (@zerohedge) July 20, 2023 On Tuesday, we asked: Is this the start of a commercial real estate firesale in crime-ridden Baltimore City? And to our surprise, it appears so. Let’s begin with our report on Tuesday when The Baltimore Sun revealed …

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