by BoatSurfer600

$13 billion withdrawn industrial banks within the last week (April Twenty seventh-May third). Since 2/22/2023, $540billion in deposits have been pulled. $1,008 billion in deposits has been pulled within the last 12 months.

Meanwhile:

Business Real Estate is a disaster. Soaring office emptiness rates are a much larger deal than you would possibly think. Not only are people not going back to the office, leases are expiring and corporations usually are not renewing them. That is causing emptiness rates to skyrocket

georgesibble.substack.com/p/commercial-real-estate-has-no-clothes

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