Consumer Debt & Delinquency - US consumer debt in serious delinquency rose in the second quarter [1] - Delinquency rate reached the highest level since early 2020 [1] - The increase reflects a record surge in past-due student-loan debt [1]

Commercial Real Estate Market - Over 11% of office CMBS are delinquent, representing the highest rate ever [1] - More than 1 in 10 office buildings with securitized loans are not making payments [1] - Monetary capital is leaving the commercial real estate market [1] Cryptocurrency Market - Bitcoin is positioned to welcome capital leaving commercial real estate [1]