Happy New Year from Atlas Valuation! 2024 is forecasted to be a “shaky” year for Real Estate and probably most asset sectors. Atlas Valuation will continue to watch the Chinese real estate market, which is forecasted to accumulate $4 trillion in banking/loan losses. If this number doesn’t mean anything to you, the 2008 Financial Crisis was created by banks and financial institutions suffering under $1 trillion in losses, which affected the entire global economy. We have already heard about two insolvent hedge funds in China, such as Country Gardens. Atlas Valuation will also be monitoring the Federal Reserve, which has been putting deflationary pressures on the overall market with increasing interest rates and consolidating their balance sheet. Will the Fed protect the dollar and remain “hawkish” or will they choose their friends in the banking system and Wall Street by decreasing interest rates and printing money thereby re-inflating asset prices? We will see. Regardless, 2024 is “teed-up” to be a good one! Happy New Year!
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