Guest Post: Financial Markets and Economic Update - First Quarter 2024
Jeff For Banks
MARCH 21, 2024
2024 could exceed -$2.0 CRE and its depleted value are a problem for many banks, not just NYCB, as vacancy rates for offices top 19% and 190 million square feet of office space is available for sale, lease, or sublease. It is mismanagement of the worst kind as budget deficits explode; the fiscal year 2023 deficit was -$1.7
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