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Rebel Capitalist News

News: Wall St. Journal Warns Of "Real Estate Doom Loop"

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 11 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitals hope you're well so Wall Street Journal just came out and gave us a warning of a real estate doom loop

0:12.4

those are their words not mine Let's get right over to this

0:15.3

article and check out what they're referring to. So they say real estate doom loop

0:22.0

threatens Americans, America's banks,

0:25.6

regional banks exposure to commercial real estate.

0:28.2

Okay, so this is kind of an old story,

0:30.3

if you've been following this channel,

0:32.0

glad to see the Wall Street Journal catching up

0:34.2

to what we were talking about six months ago.

0:37.6

But maybe they've got some interesting insights here.

0:40.4

It's Wall Street Journal, so we'll give them the benefit of the doubt. They say Bank,

0:44.0

OZK, I'm sure, had two branches in rural Kansas when Chief Executive George Gleason bought it in

0:50.8

1979. The Little Rock lender today has billions of dollars in commercial real estate loans, including,

0:57.0

did they actually make that typo, Josh? There's no way they made that.

1:02.0

Four, they're using four, but they,

1:05.2

not like the number four, they forgot to put the U in there.

1:08.9

And this is the Wall Street Journal, for Evan's sakes.

1:11.5

My goodness, the first video today we're talking about

1:15.2

how Golden and Sachs went full retard and now it looks like Wall Street Journal.

1:19.7

Did the exact same thing?

1:23.2

Holy cow Josh, you never go full retard.

1:26.3

This is like the, we got simple jack

...

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