The CRE snowball is beginning to roll. This will have significant downward pressure upon Wall Street and the markets. Flight will be to commodities which will lead to higher consumer prices and further contraction of consumer spending. 0 & Co. are getting exactly what they want.
>>Flight will be to commodities
AKA more bullshyte manipulation of prices by “investors” - just as we saw with the manufactured oil prices when gas hit $5+ in 2008.
If you can’t/don’t intend to take physical delivery of the commodity you shouldn’t be allowed to trade....
Demand should be real - not a figment of Goldman’s trading accounts.