Tighter Credit Conditions are Immanent - Look at the chart, all banks to the right of SVB are likely already reorganizing their balance seets
https://archive.is/ihCTw/5d4e69d839a96f47202e46fc37c336aa1aa90b3a.avif
Source:
Paywalled:
https://www.ft.com/content/397fb877-a1ec-48b5-841d-d646d2891b47
Non-Paywalled: https://archive.is/ihCTw
CRE should die. Vast swaths of it are a complete waste of land and resources in the information age.
"Immanent" and "imminent" are not synonyms. The word OP wanted was imminent.
You're not proving him wrong by linking the definition of a homophone which OP very clearly did not intend to use.
Dear @eqv - on the correct spelling:
https://www.merriam-webster.com/dictionary/immanent
CRE is going to die (for a while :-) )
Learn how to spell "imminent"
Good riddance. RIP.
"Small and medium-sized banks play an important role in the US economy. Banks with less than $250bn in assets account for roughly 50% of US commercial and industrial lending, 60% of residential real estate lending, 80% of commercial real estate lending, and 45% of consumer lending."
Explains the RTO push, CRE is going to die.