A few weeks ago Goldman Sachs (#GS) performed poorly in the #FED annual stress tests, and since then, the bank has been fighting against its regulator’s request to increase the capital being held on the balance sheet (Goldman Sachs faces uphill battle in dispute with Federal Reserve over stress test)….
Tag:#CRE
MEANWHILE STOCKS ENJOY THE HEAVENS, BANKS ARE GOING THROUGH HELL
It’s been some time since I first rang the alarm bell about the crisis unfolding in the Commercial Real Estate sector (#CRE) in the US. Banks’ risk departments were largely ignoring this crisis, an issue I highlighted in my previous post, ”The great paradox of CRE lending: while owners are…
THE INCOMING GERMAN REAL ESTATE MAYHEM
As you know, I have been investigating US real estate, especially #CRE, since early last year (JustDario). Nowadays, the ginormous bubble popping up while #stocks keep hitting new ATH records is not a secret anymore. Surprisingly, despite the banking crisis that started in January 2023 and was never solved (the…
THE SHOW MUST GO ON… UNTIL THE END
The famous Queen’s song is a perfect fit as the soundtrack of the current stock market, isn’t it? Anything that doesn’t fit the (manic) #fomo narrative must be ignored, even though the giant 560bn $USD size #CRE Elephant in the room is now patting people on the shoulder. What’s that…
FEBRUARY 2020 ALL OVER AGAIN?
In 2020, stock markets in the #US and #Europe peaked on the 19th of February, while #China and #HongKong ones peaked exactly one month prior, on the 20th of January. In a great twist of destiny, on the 21st of February this year, $NVDA is scheduled to report its Q4-23…
BANK OF AMERICA WENT “CRAZY” IN Q4 (LITERALLY)
While digging into #BAC‘s Q4-23 financial statements, I couldn’t help but wonder if they had lost their minds during the last three months of 2023. No, I am not referring to the “press release” or the “presentation,” which are usually prepared to “feed” the media rather than provide transparency to…