Something is breaking in financial markets
Boy did the title of this article catch my eye. Sure could describe many of the scenarios we are facing today. In this case it's tied to the coming debt crisis and reflects the harsh reality of where things are headed.
WeWork On Brink Of Default
Another domino falls in the weakening CRE market, WeWork is making headlines with a recent default of nearly $100 million in interest payments. According to banking officials this is a standard move in today's climate, but that seems a bit watery when using words like "default".
Homes Are "Unaffordable"
The typical American household struggles to make ends meet these days. And if home-ownership wasn't an already obtained goal, it's being shoved even farther out of reach ... and fast. If very few people can afford to buy, then even fewer people can afford to sell; especially considering a large majority of those people locked in very low interest rates. So what does this all mean? Sadly, rough waters are ahead, especially with other areas of the market faltering and an election coming up. Now is the time to make sure your portfolio is well diversified with assets that perform during troubled times.