21
submitted 8 months ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml
you are viewing a single comment's thread
view the rest of the comments
[-] yogthos@lemmy.ml 8 points 8 months ago* (last edited 8 months ago)

They have a lot of insider info we don't have access to. However, there are a lot of publicly available indicators pointing to a looming crisis. For example, bad property debt exceeds reserves at largest US banks and this might lead to a similar crash that we saw in 2008 due to subprime mortgage delinquencies. https://archive.ph/snNkw

this post was submitted on 27 Feb 2024
21 points (92.0% liked)

US News

2048 readers
81 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS