Behind The Numbers With Lena Petrova, CPA is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. The Federal Reserve is expecting a “soft landing”; however, the available data points to a different scenario.
It’s not just real estate though. The trend is that people and companies are now in a situation where they need to borrow money just to break even, and lending is becoming increasingly tight because banks are realizing they’re not likely to see the debts repaid.