Economics

I may sound like a broken clock, but the CRE market is still not doing well and we might see the results of it this year

🇧🇷🇺🇸 - Book: Making Things Think: https://holloway.com/mtt Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph

This was obvious when covid completely destroyed demand. Why has it taken so long though?

Here for the culture. /castout Memecoin Island participant, on the /based & /basedevo tribe

I think part of it is the BTFP bailout for small/midsize banks that hold all these underwater CRE assets. Fed is set to wind down that facility in spring (we'll see) which may mean either rate cut time or fire sale for Jamie Dimon time I would think.