Money printers are warming up, as central banks again prepare to rescue us from a problem they created. The latest fuel for the dumpster fire? Commercial real estate losses.
In the GFC, all it took was Goldman marking down its portfolio (after first shorting the market!) to cause contagion.
At present, the Chinese are selling real estate around the globe to meet cash calls on failed projects. (They've also been stacking physical gold for years.)
US regional banks are again teetering.
Both the Fed and ECB are publicly saying commercial real estate is a problem.
And so it continues. Buy #bitcoin.
Toby McMann
npub1elq…xw9h
2024-02-09 12:48:32
Author Public Key
npub1elqfutrcl6w42ekxcru9el2r8h0qe90vgz6yuy4panusplph8t7srfxw9hPublished at
2024-02-09 12:48:32Event JSON
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"content": "Money printers are warming up, as central banks again prepare to rescue us from a problem they created. The latest fuel for the dumpster fire? Commercial real estate losses. \n\nIn the GFC, all it took was Goldman marking down its portfolio (after first shorting the market!) to cause contagion.\n\nAt present, the Chinese are selling real estate around the globe to meet cash calls on failed projects. (They've also been stacking physical gold for years.)\n\nUS regional banks are again teetering.\n\nBoth the Fed and ECB are publicly saying commercial real estate is a problem.\n\nAnd so it continues. Buy #bitcoin.",
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