Earlier in the month, the Wall Street Journal published an article titled: Is the Banking Crisis Over? We Are About to Find Out. The article identified three concerns that could determine if the banking industry is out of the crisis or about to enter into another, more severe phase. The concerns are increased deposit costs and reduced deposits, bond losses due to rising interest rates, and the elephant in the room, commercial real estate loans. According to the WSJ, many mid-size financial institutions, with a heavy concentration of commercial real estate loans in their portfolios, could be impacted by the low occupancy rates in commercial real estate. Though the WSJ is evidently trying to downplay the situation, Gerald Celente, the renowned publisher of the Trends Journal has no such qualms. In a recent tell all interview with Commodity Culture, the renowned forecaster and business consultant describes just how ugly the situation is and how there is a hundred percent chance that the world is heading f
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