CRE

It is interesting how there are two types of information out there. The first is the government and main stream media, while the second it the alternative press (to other 90% of content out there).

One shocking item that I have been following is the imminent collapse of the Commercial Real Estate (CRE) market. Maybe not imminent, but over the course of the next two or three years we will see the disentanglement of the CRE debt coming due, similar to the housing market. Meanwhile, the MSM (the mouthpiece of Corporate America) indicates that the CRE market has bottomed out and better days lie ahead. What garbage.

Doesn't the MSM have some obligation to present fairly and accurately what is going on in this country? Or is the Average American just too stupid to learn anything more than is spoon fed to them through the television? Unfortunately, the latter is the case.

I wonder if you and I - the taxpayer - will again be forced to subsidize the elite top 5% of wage earners in this country, while the rest of our socioeconomic foundation continues to crumble? Or the rest of the banking staff, for that matter, gets paid paltry wages?

Maybe I need to watch more CNN or FOX, where things seem a lot rosier. Unfortunately, I do not have access to these channels. And the thing that I find interesting in Bellingham is that none of my contemporaries watch television either or have cable. Maybe that's why my evenings instead are spent drinking tea and engaging in conversation, versus sedentarily staring at a box spewing bile.

Oops, sorry about the rant. Indeed it is a good day; one of the books that I reserved (akin to my above tirade) is on hold over at the library. Yves Smith write this blog, which I've set as my home page. Interesting read, I'd expect.