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Podcast: The Real Estate Espresso Podcast
Episode: Expensive is not an excuse
Description: On today’s show we are looking at an event in financial markets that could represent a tipping point. These events have occurred with regularity over the years. Think of the Greek Sovereign debt crisis in 2012 that threatened to topple the entire European banking system. Think of Lehman Brothers in 2008. There was the bank failures in the US in 2023. These events often expose the counter party risk that is inherent in our globally interconnected financial system. The problem is showing up in the latest spike in US Treasury yields. It happened very rapidly between May 1 and May 2 of...