Banking crisis ⚠️
🔥 Spot fires for now.
The global bushfire (financial crisis) will be biblical. https://t.co/1g8fUsLI99
— The Great Martis (@great_martis) August 27, 2024
BREAKING: After Dumping 55% Of His Apple Stock, Warren Buffett Sells 5 Billion In Bank Of America Stock, Signaling Coming Banking Crisis@kirkelliottphd pic.twitter.com/S383o77iEj
— Alex Jones (@RealAlexJones) August 28, 2024
🚨**Regional Banking Crisis Worsens as Summit State Bank's Q2 Earnings Plummet**
📉 **Q2 2024 Net Income:**
$928,000 Drops -67% from Q2 2023 Net Income $2,985,000
📉**Earnings Decline:** 69%
📉**Stock Drop:** -15%$SSBI pic.twitter.com/PBOMmrIgSC
— The Coastal Journal (@1CoastalJournal) August 12, 2024
Commercial Property Foreclosures Are Soaring, Banks are Preparing for an Imminent Banking Crisis as Office Vacancy Rates Remain Low
Commercial property foreclosures hit $20.6 billion in Q2 2024, the highest since Q3 2015. There is $1.7 trillion dollars worth of commercial real… pic.twitter.com/VxgDF21sPt
— Lena Petrova (@LenaPetrovaOnX) August 18, 2024
Negative growth for hotel spending for well over a year.
Another datapoint for the "suddenly" cautious consumer. pic.twitter.com/5klR2NW2ny
— Random Walk (@MosesSternstein) August 28, 2024
"Chicago posted the highest rate of CMBS office stress at 75%, followed by Denver's 65% and Houston's 57%.
The stress rate measures loans that are in default or at higher risk of default." – KBRA Analytics.— Nightingale Associates (@FCNightingale) August 28, 2024