2024-02-15 13:11:11 ET
Summary
- Banks are quietly starting to experience larger loan and investment losses, particularly in commercial real estate loans.
- Financial institutions from New York to Munich to Tokyo are reporting surprising losses from commercial real estate.
- Recent data shows credit continues to tighten in the real economy, just as a surge in housing construction nears completion.
- The undercurrent of regional bank trouble doesn't square with equities soaring to valuations approaching the peak of the dot-com bubble.
I woke last night to the sound of thunder.
How far off I thought and wondered...
"Night Moves," Bob Seger (1976).
Read the full article on Seeking Alpha
For further details see:
Do You Hear The Thunder? Quiet Regional Bank Rumblings Continue