Back in late 2019 and early 2020, I wrote this 20 chapter "book/blog thing" called Welcome to Dystopia: The Future is Now. It was about how I saw the this decade, The Tumultuous 2020's as I call them, playing out. So where are we now in this scenario? I think we're at the start of Act 2, to use a theater or movie metaphor. What happens in Act 2 of a play or movie? What you see in this short video above. I'll leave it there.
Blogger's note- 3/27/2023- the next morning... Actual headline today, Insider- "Why a credit crunch estate could worsen bank turmoil and commercial real estate could be the next domino to fall" Emphasis mine.
Other potential "dominos" could be: CMBS, MBS, ClOs, ABS, SLABS (which seem to have completely disappeared somehow), junk bonds, non-bank lenders, and, of course, residential real estate. To name a few.
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