Financial Crisis

The coming financial crisis will unfold as a "slow, silent breakdown" rather than 2008's sudden collapse. Rising interest rates are straining a debt-dependent global economy while credit markets show dangerously tight spreads, similar to pre-crisis lows that signal vulnerability to rapid shifts. Commercial real estate distress from empty offices and maturing debt at higher rates will likely trigger the unraveling. Unlike banking failures in 2008, this crisis stems from prolonged high rates suffocating money flows between institutions, businesses, and consumers.