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Commercial Real Estate Bust Hits Europe (BADLY)
More CRE developments today and last week this time with a focus on Europe. New reports indicate losses are coming soon and data from the ECB shows why there are so many concerns. We also have the latest bank lending figures which show more troubling signs under the cover of 'extend and pretend.'
Eurodollar University's Money & Macro Analysis
ECB Commercial real estate and financial stability – new insights from the euro area credit register
https://www.ecb.europa.eu/press/financial-stability-publications/macroprudential-bulletin/html/ecb.mpbu202210_4~0aa7d44e15.en.html
Reuters Explainer…
The skinny
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