City Weekly · Culture
Bank losses and foreclosure rates could be pointing toward another recession.
Urban Living
You may or may not remember the Great Recession from 2007 to 2009. It was the most severe economic turndown in the U.S. since the Great Depression, which ran from 1929 through the early 1940s. The Great Depression was caused by a number of factors, including tariffs—like the ones we’re seeing today—bank failures and the overproduction of some material goods.
There aren’t any major banks failing right now, but there are many regional banks facing problems due to bad loans they made in the commercial sector.
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