Posted on 04/06/2023 11:56:17 AM PDT by mikelets456
Warning signs of a potential credit crunch were flashing even before Silicon Valley Bank's stunning collapse, as this year sees record high bankruptcy filings by small- to mid-sized private businesses, according to UBS.
Financial markets this month were whipped around after the biggest bank failure since the global financial crisis highlighted worries about the impact of tighter credit conditions for American businesses and consumers.
["We] believe one of the more underappreciated signs of distress in US corporate credit is already emanating from the Small and Mid-size Enterprises sector," Matthew Mish, head of credit strategy at UBS, wrote in a recently published research note.
(Excerpt) Read more at markets.businessinsider.com ...
Burn it down.
Burn it to the ground
Burn the ground
Sell the charcoal.
Let’s Go Brandon!
There’s gonna be alot of pain when many companies need to refi at the newest interest rates.
Some REIT mogul recently said if rates don’t come down he will not be able to find financing at all for his portfolio.
Anyone holding REITS needs to dump them now.
The economy is way worse than most people know. The MSM protect Biden fortress is holding but the truth is beginning to leak out because it will reach the point it can no longer be hidden. The rats redefined how unemployment is calculated and MSM let them just like they let them remove food and fuel from the inflation figures.
A lot of the distressed real estate was bought years ago at say 1990 and 2001 prices.
There are lots of people with lots of wealth.
If their stocks are up 10-fold instead of 20-fold they still got plenty.
An economy feeding off of consumerism on drugs and debauchery can’t heat up forever.
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