Economist Warns of Tsunami of Debt Threatening Commercial Real Estate Market

Famed economist Komal Sri-Kumar warns a "tsunami" of commercial real estate debt is coming due in 2024-2025, risking a crisis
Much of this debt is held by private lenders who face instability in a stressful market
Sri-Kumar believes this is a systemic risk, disagreeing with Treasury Secretary Yellen's stance
He advises the Fed to cut rates fast to stem the crisis, even if it means higher inflation
Doing so could prevent spillover into the broader economy, but inaction risks a 2008-style meltdown