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Bloomberg/Shelly Hagan and Matthew Miller/5-31-2023
“Ross Perot Jr., whose family is one of the largest independent property developers in the country, warned of a looming real estate recession if banks don’t start lending again.”
USAGOLD note: As noted this morning, despite warnings from the likes of Ross Perot Jr., a number of banks have already declared commercial real estate risky and are trimming their portfolios accordingly.
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