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Power Line
11 Apr 2023
Steven Hayward

As everyone knows, a lot of small- and medium-sized banks have loan books full of real estate. But if real estate values start a cyclical erosion (or worse), what effect will this have on our currently questionable bank sector? No idea, but worth keeping an eye on these numbers:
I don’t entirely know how to interpret this table, but it doesn’t look good:
From the “for what it’s worth” department: