...this we know is a crisis waiting to happen, if not this year...

...this we know is a crisis waiting to happen, if not this year then next (2026).

...an inconvenient truth for the bank stock rally.

US OFFICE CMBS DELINQUENCY RATES HAVE SURPASSED THE GREAT FINANCIAL CRISIS LEVELS

The US office CMBS delinquency rate jumped by 63 basis points in December to 11.01%, according to Trepp.

This has exceeded 11% for the first time since Trepp began tracking data in 2000.

https://x.com/GlobalMktObserv/status/1874115799243514000