by BoatSurfer600
$13 billion withdrawn commercial banks in the last week (April 27th-May 3rd). Since 2/22/2023, $540billion in deposits have been pulled. $1,008 billion in deposits has been pulled in the last year.
Meanwhile:
Commercial Real Estate is a disaster. Soaring office vacancy rates are a much bigger deal than you might think. Not only are people not going back to the office, leases are expiring and companies are not renewing them. This is causing vacancy rates to skyrocket
georgesibble.substack.com/p/commercial-real-estate-has-no-clothes
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