Rising credit card debt and signs of strain in CRE mortgages hint at a looming banking crisis.

Citizen Watch Report ^

[davikkm]

You might have missed it in the headlines, but US Bancorp recently initiated significant job cuts, with areas like talent acquisition and technology taking a hit. But what does this mean for the broader financial landscape?

Well, let’s talk about multifamily commercial real estate (CRE) mortgages – a sector that’s been quietly raising red flags. While apartments have held up better than other segments like office and retail, cracks are starting to show, with some eye-popping defaults in recent months.

[Lockbox]

And big cities run by democrats are doing nothing to help! San Francisco is going to show if the sinking can be stopped and how long it takes to get back a float. I think San Francisco greatly underestimated both events. Will the democrats have enough will to fix the issues or just go back to their ways of saving everything in the world except the City of San Francisco.

As a side note, if the City can just hold out until the high speed rail connects to Los Angles is finished, the City will be saved! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[z3n]

This is nothing but an excuse for cities to beg for more money from the federal government.

Politicians don’t really care who is buried in debt, except during election time. What they really want to do is waste all their tax revenue, and then cry to DC about all the suffering.