“Because the pace of events is not going to slow down for anyone, and it is much later than most people think that it is.“
All over the nation, commercial real estate property values have fallen dramatically, and our small and mid-size banks are sitting on mountains of commercial real estate loans.
This story is not going to end well, and anyone that suggests otherwise is simply being delusional.
Meanwhile, more signs continue to emerge that the overall economy is rapidly heading in the wrong direction.
For example, Walmart just announced that it is closing two more stores…
Walmart is shutting another two stores next month – bringing the total closures announced this year to eight.
