Brooks Payne Thornhill’s Post

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Risk exists more, when thoroughness exists less.

Listen!💥 Last significant financial meltdown was not foreseen by the Fed or *virtually* anyone the public listened to. What’s to make you think this time is different? Here, Chairman Jerome Powell speaks of banks swimming in commercial debt. You have to ask yourself, if this is what he’s telling us, attempting to not create a self-fulfilling prophecy, does he see what’s coming? Perhaps this is the limit of what he sees and he’s wrong like Alan Greenspan was, blinded by high oil prices among other things. Thousands far wealthier and “experienced” than you and I didn’t see the meltdown coming last time, so make sure you don’t put all you eggs in one basket over the next few years because it’s coming. The only question is how bad will it be. #banks #banking #bankingandfinance #realestate

Brooks Payne Thornhill

Risk exists more, when thoroughness exists less.

5mo

First go around didn’t capture the audio. Repost. If anyone has any opinion to add I’d love to reas it. Any commercial real estate investors or those involved in CRE lending?

Calvin Guyer, MS, CFP®, PCC®

Fractional COO/CEO | USAF Veteran | Electrical Engineer

5mo

The true decline in the value of CRE will happen when the note comes due. 😬 There is no mark to market - at least externally.

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