World Trade Runs Record Low, CMBS Delinquency Surges And Banks & Lenders Are Desperate For A Bailout
- Silver Report Uncut
Desperate for a bailout is the theme of the 2020 recession, and the corporations that lobbied hard enough get laws and bailouts to help them excel while small business is crushed. the Goods Trade Barometer from the WTO set a record low reading in June. They said “This reading – the lowest on record in data going back to 2007, and on par with the nadir of the 2008-09 financial crisis – is broadly consistent with WTO statistics issued in June, which estimated an 18.5% decline in merchandise trade in the second quarter of 2020 as compared to the same period last year,” according to the WTO.”
–
Bankruptcy is surging and delinquency is so high they have essentially changed the information they take in to avoid exposing the loans as sour. and everything is going sour especially in commercial real estate lenders and Wealthy investors are desperate and begging for a bailout for commercial mortgage-backed securities due to the excess of non-payment. so many businesses have failed so many retailers are not opening again and many that have are discovering the business is not strong enough to sustain their previous size and Staffing so they’re downsizing. you know it’s getting serious when banks are coming for a lot of money saying it’s the only way to save the economy play anticipate that so many loans are going to be going bad and Commercial mortgages have a serious problem hence the need of a bailout.
end