Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
nytimes.com
If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.
Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I'm very cynical about capitalism, especially in the USA.
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Anyone know how to prepare for 2008 part 2?
Wait until 2012 part 2 and BUY BUY BUY
Lol yeah but like with what capital? I expect stocks to crash with it. Do I just save in cds?
Cash is king.
Problem is cash is not inflation proof. Not sure if I should horde gold. I bet crypto will take a hit too.
I hear abortion medication could be pretty valuable in November.
And toilet paper
ROFL let me get the pallets in my horde.
And toilet paper
I'm thinking porcelain sheet for the streets.
Ah pushing illegal drugs.
Everything illegal is bad right?
Only by the standard of the legal system.
For this case I'm always a fan of "Nobody saw anything -Signed everyone "
Oh yeah, that legal system that has never been wrong before.
Obviously it was Made perfect! never amended it!
Probably need to diversify.
They say that but what didn't take a hit?