Multiple Defaults Worth Billions Across the Globe - The Mike & Mario Show

The summer of 2023 could see a potential global contagion event triggered by concerns around debt default risks. #Blackstone's recent default on a Nordic property-backed #CMBS worth $562 million has added to these fears. #Pakistan is also facing a potential default risk as it struggles to repay $7 billion in debt. Additionally, #MSCI has reported that the probability of a catastrophic US #debtdefault has more than tripled since the start of the year. These developments have put #markets on edge as the possibility of a widespread economic shock looms large.   Thanks for watching the Mike & Mario Show. Visit rethinkingthedollar.com to stay informed on the last in the news. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the next live on-air and bring a topic.   ✅ Get prepared with 4Patriots!!! Don't wait until SHTF. Make sure you have food, power & medical supplies. First-time buyers can save 10% at 4Patriots.com with code RTD. https://www.4patriots.com/rtd  ✅ Staying plugged in with the dollar's demise has never been easier. Connect with RTD to stay in the mix 👉 https://www.rtd.news  DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment.