by dbc13543
Back in 2008 the first massive sign of distress appeared in mid-March with the fall of Bear Stearns.
While many other dominoes fell in 2008 after the failure of Bear Stearns, there wasn’t a full-blown crash and crisis until mid-September when both Lehman Brothers and AIG failed in two days.
The point being, it’s now March and Credit Suisse has just failed. The next few months could feel like watching a train derailment in slow motion. A lot of people will likely convince themselves for weeks or months at a time that everything is contained. You may even have your doubts. Buy, hold, and DRS. The end game will take some time.
en.wikipedia.org/wiki/2007%E2%80%932008_financial_crisis
All we are seeing so far are the first few kernels flying across the kitchen. Soon, the popping will explode in every direction. And, the bowl is far too small for what is coming
U.S. 🇺🇸 BUST THIS SUMMER? 🫨👇 pic.twitter.com/Sur6WdH5IA
— Win Smart, CFA (@WinfieldSmart) March 27, 2023
Intra-day volatility levels in the UST market have surpassed those of the Great Financial Crisis of 2008. pic.twitter.com/fpsGVHS8Mz
— Ben Rickert (@Ben__Rickert) March 27, 2023
Over the next 5 years, more than $2.5 trillion in commercial real estate debt will mature.
This is by far more than any 5 year period in history.
Meanwhile, rates have more than doubled and commercial real estate is only 60-70% occupied.
Refinancing these loans is going to be…
— The Kobeissi Letter (@KobeissiLetter) March 26, 2023
MONEY PULLED FROM EUROZONE BANKS AT RECORD RATE IN FEBRUARY – FT
— *Walter Bloomberg (@DeItaone) March 27, 2023