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Right now there is a debt bomb at the center of the U.S. economy, with commercial real estate in this country in total free fall.
‘I think that there’s more to come,’ said Peter Earle, research fellow at the American Institute for Economic Research.
The Fed chief’s comments come as financial markets brace for a potential bank failure.
‘I’m less than 45 days away from losing my building because I can’t find a loan.’
