by Chris Black
This is not me, but Morgan Stanley.
RT:
Morgan Stanley Wealth Management has predicted a collapse in the US commercial real estate (CRE) sector that will be worse than the Great Financial Crisis. The market faces a “huge hurdle,” with strategists expecting a commercial property slump of around 40%, worse than in 2008, according to chief investment officer Lisa Shalett.
Haha, did they just say 40%?
I’m sure it will all work out.
I mean, if this is serious when they say a 40% drop, I’d think that would be a pretty good “clean up” opportunity for the big boys to consolidate power further.
You know, the usual suspects.
It’s all so stupid and obvious. I don’t even know what I’m supposed to say about it.
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