GREY:NEVDQ - Post by User
Comment by
bogfiton Feb 01, 2024 3:38pm
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Post# 35857926
RE:"huge defaults on the horizon" or why I like gold.
RE:"huge defaults on the horizon" or why I like gold."Last month, researchers from four top universities predicted that the default rate on commercial real estate could rise as high as 20%, which they estimated would land US banks with $160 billion worth of losses." New York Community Bancorp's stock closed down 38% after posting a loss of $260 million for the last three months of 2023, which it blamed on sour commercial real estate loans.
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