They keep repeating the Mantras "manageable", "can be contained", "no contagion",  "not as bad as 2008".  ::)  Does anyone else here sense the desperation in these reports and pronouncements?  Property values are dropping like a rock,landlords are walking away from buildings, interest rates are up, and there's still a couple of $TRILLION$ in debt coming due by 2025.  Why do I have trouble buying this hopium?

There is a silver lining to this though.  Due to $400B or so in fines the courts have dropped on Trumpovetsky, he's probably going to have to sell at least one of his skyscrapers in NY into this sinking market.  His assets were inflated to even give him a purported net worth of around $2B.  The price he might get on a sale could very well be less than 50% what they are assessed at.  That could cause a reavaluation of all his holdings, which could end with his liabilities exceeding the assets and the banks might call in the loans.  Can you spell BANKRUPTCY?  ;D   Currently his GoFundMe page isn't even covering the accumulating interest on the penalties.

Hope he has a good stash socked away in offshore accounts.  lol.

https://www.dawn.com/news/1815175/echoes-of-the-2008-financial-crisis

Echoes of the 2008 Financial Crisis

RE