According to 'The Kobeissi Letter': Currently, About $6 Trillion in Commercial Real Estate Debt in the United States 🇺🇸

Banks hold a whopping ~$3 trillion, or 50% of this debt.

This year, about $929 billion, or one-sixth, of this debt will come due, but refinancing rates on these loans are expected to double or even triple.

In addition, many of these real estate projects are bankrupt or have negative cash flow.

The Fed said it could wait for inflation to fall further before cutting interest rates... it's already April, how much longer can they wait?

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