It Is Getting MUCH Worse in the Commercial Real Estate Market

It Is Getting MUCH Worse in the Commercial Real Estate Market. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Something wicked this way comes in the commercial real estate market.
I know many are like Mirkowski. I've been saying this
for a while. Yeah. Again, I'm pretty damn good at
calling calamities over the past three decades. Yeah, we told
you about Enron, we told you about dot COM's, we
told you about Dynagy, we told you about world Com.

(00:38):
Did we tell you the day that it happened or
the day before? No? No, But the reality is what
the reality is. Things are getting much much worse here.
The delinquency rate on commercial mortgage backed securities nine point
four percent. That's the highest in eleven years. The delinquency

(01:02):
rate on CNBS loans risen five times over the past
two years. You haven't seen rates like this since two
thousand and eight, all time high. That's the rate we're
heading to right now at ten point three three percent. Again,
a lot of banks with a lot of this paper

(01:23):
on the books, and anybody take a look at the
ten year treasury and see where that's going. I don't
know how this is going to be handled in the
Trump administration, quite frankly, I don't know when the whole
thing is gonna blow up. Okay, it's inevitable at some

(01:45):
point in time. And again, these are things that are
that are right out there. It's like, you know, everybody's
got a tick and time bomb that that's right out there,
but everybody's choosing to ignore it. Let's pretend la la
la la, la la la. I don't want to see it.
I don't want to hear it. I want to deal
with it. It's right there, and it needs to be dealt
with sooner rather than later. Hopefully, Again, were tried true

(02:10):
here in this country, of ignoring problems before, you know,
until laughter that they blow up. And then you know,
what's the old saying, You can't diffuse a bomb that's
already gone off. You just have to deal with the
aftermath of what's taking place. Hopefully, at some point in time,
it's going to be dealt with, and I hope the
way that we're going to deal with it is not

(02:31):
on the lieu of let's bail out more banks, because
that's we did a lot of That did a lot
of the bailing out of a lot of bailing out
during the Biden administration. Quite frankly, I don't think the
people near this country have the stomach for this nonsense anymore.
I know I don't. I gotta have a thing. Let
them fail, Let them fail. I'm cheering on. Okay, you

(02:53):
screwed up, you made bad loans, you did stupid crap.
You know what, Let me fail. Pail Watchdog on Wall
Street dot Com.