Housing bust 2023 is underway. As Darren Winters explains, the US housing market typically falls in different regions, with some areas being more sensitive than others due to spiralling mortgage increases egged on by Fed rate hikes. So in the 2008 housing bust, the first house of cards to fall was Miami, Phoenix, Santiago, and …
Distressed Banks
Distressed banks are another red flag as aggressive monetary tightening in 2022 has ensured no soft-landing, another narrative soon to be assigned to the fairytale book. Distressed banks are the latest fallout of central banks tackling policy-made inflation. Over 10 trillion dollars of asset prices were wiped out across the asset spectrum in 2022 as …