Commercial property meltdown

Properties will be dumped onto the market. There will be bargains for those with cash:

About US$1.4 trillion of US commercial property loans are coming due this year and next, according to an estimate earlier this year by the Mortgage Bankers Association. Values for US offices were down 21 per cent in October from a year earlier, according to real estate analytics firm Green Street.

This will put pressure on the regional banks so look out for more bank failures


Right now we are spending on the holidays.

In the new year, the FED can tighten again once or twice over with rate hikes.

We are not done by a long shot.