{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"Phase 2 of the Commercial Real Estate Collapse Has Begun","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/c60bfc92\"></iframe>","width":"100%","height":180,"duration":1106,"description":"According to multiple recent reports, banks are very quietly selling out of CRE positions. Those reports are backed up by banking data which clearly shows an inflection in systemic loans in the space. Combined, we have strong evidence showing the second stage of the CRE bust has now started. \nEurodollar University's Money & Macro Analysis\nReuters Big US banks withstand Fed's commercial real estate shock scenario\nhttps://www.reuters.com/markets/us/big-us-banks-withstand-feds-commercial-real-estate-shock-scenario-2024-06-26/\nFederal Reserve Stress Test Results 2024\nhttps://www.federalreserve.gov/publications/files/2024-dfast-results-20240626.pdf\nNYT Office Building Losses Start to Pile Up, and More Pain Is Expected\nhttps://www.nytimes.com/2024/06/06/business/office-building-foreclosures-losses.html\nNYT Fearing Losses, Banks Are Quietly Dumping Real Estate Loans\nhttps://www.nytimes.com/2024/06/24/business/commercial-real-estate-loans.html\nhttps://www.eurodollar.university\nTwitter: https://twitter.com/JeffSnider_EDU","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}