3 ms·
Market is too busy buying NVDA and selling puts. Everybody knows about CRE but it isn't a problem for this quarter. Besides, if it ever becomes a problem, the F
by baq 3y ago
Market is too busy buying NVDA and selling puts. Everybody knows about CRE but it isn't a problem for this quarter. Besides, if it ever becomes a problem, the FED will drop a dedicated CRE credit line over the next couple weekends. (If it doesn't, though...)
- graemep 3y agoThe market can be blind for a long time. Bad mortgage lending was pretty obvious in the early 2000s. The dotcom boom and many other booms were obvious overvaluation. Greater fool and FOMO are powerful, especially if your incentives are short term.