The Commercial & Residential Bubbles In the US are getting far worse…
Just in the last 6 weeks, there is a lot more evidence that the Commercial & Residential Bubbles In the US are getting far worse without bursting.
How will this affect the small, medium and large banks? According to famous investor and short seller, Jim Chanos, small and medium sized banks throughout the US have record amounts of commercial real estate exposure at levels not seen in 2008-2009 or in the 1980s commercial real estate busts.
Warren Buffett has been unloading a lot of his bank stocks, especially Wells Fargo (NYSE: WFC) shares, in anticipation of more problems in the US economy and real estate for the banks.
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