Powell: ‘There will be bank failures’ caused by commercial real estate losses – March 9, 2024

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Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work.

Powell said the banks that are in trouble with falling office space and retail assets are not the big banks, which were designated as “systemically important” in the aftermath of the 2008 financial crisis. That episode, which resulted in a taxpayer bailout of the financial sector, was also triggered by unsound real estate assets.

Rather, the banks at risk of failure now Powell identified as smaller and medium-sized.

“This is a problem we’ll be working on for years more, I’m sure. There will be bank failures,” he said during a Thursday hearing on the Fed’s monetary policy in the Senate Banking Committee.

“It’s not a first-order issue for any of the very large banks. It’s more smaller and medium-sized banks that have these issues. We’re working with them. We’re getting through it. I think it’s manageable, is the word I would use,” he said.

Powell didn’t go into detail about the specific regulatory actions regarding commercial real estate exposure that are now being undertaken by the Fed, which is both the federal currency issuer and one of the primary bank supervising agencies, though he did say he had identified the banks most at risk.

“We are in dialogue with them: Do you have your arms around this problem? Do you have enough capital? Do you have enough liquidity? Do you have a plan? You’re going to take losses here — are you being truthful with yourself and with your owners?” he said.

Commercial real estate investment trusts, known as REITs, have taken a hit over the past few months. Alexandria Real Estate Equities, Boston Properties, Kilroy Realty Corp., and Vornado Realty trust are all in negative territory since the beginning of the year.

Powell described the decline in value of commercial real estate as a result of remote work following the economic shutdowns of the pandemic as a “secular change” in the economy.

“In many cities, the downtown office district is very underpopulated. There are empty buildings in many major and minor cities. It also means that all the retail that was there to serve those thousands and thousands of people who work in those buildings, they’re under pressure, too,” he said.

While the decline of commercial real estate values could put some banks out of business, Powell expressed confidence that the Fed and financial regulators would be able to contain the fallout and prevent a broader crisis. Thirty-four U.S. banks have failed since 2015, according to the Federal Deposit Insurance Corp. (FDIC), which insures deposits at regulated banks.

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In Case You Were Wondering… – March 9, 2024

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Editor’s Note: Where in the world is Cynthia Rose? Not where she was, that’s for sure!

Yes, my eviction has happened with two very nice Sheriff’s Office Deputies arriving @ 1100 on March 7, to to ensure my departure from a Hospital-owned property.

I had remained in provided housing waiting for this corporate institution to explain in writing why my work there needed to end!

Let’s muddy this situation up a bit. A licensed ophthalmologist conferred that the type of face mask they were insisting I wear would “cause further harm”to an already injured (L) eye..is my case a Disability issue? Employment issue? Constitutional issue ?

My letter writing campaign did cause this corporation to use the court system against me. I never used a lawyer, so never got embroiled in the legal system (which is designed to capture OUR money when hire lawyers to defend ourselves!)

Ok, enough about that! A close friend is providing room and board for a short while, so all things are “Copasetic”. This certainly IS an ending to this chapter for my life…and super excited about a new life on the horizon!

Happening on my birthday…oh, those energies! Much love to all for your support as this new phase of life appears!!

Love my Roserambles.org readers!!

Whoop-Whoop!! 💓❤️😊

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Cards of the Day – March 9, 2024

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A woman dances inside an almond-shaped space surrounded by symbols of the four elements, all of which are visible to her. The World can signify completion and cycles. You feel like you have taken your last stride, only to realize that you are back where you started. But now, you have a better grasp of the situation. You have accomplished something recently, attained some level of completeness, pleasure, or satisfaction by working hard, or even just holding on. This could be related to your education, a relationship, lifelong goal, or meaningful journey. You think this part of your life has come to an end, yet you will continue to develop and be ready to go on a new adventure soon.
The World marks the end of one chapter and the beginning of a new one. Everything is coming into place for you, and everything will come to a good finish and a happy ending. You have the opportunity to achieve your heart’s dream.

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The sensation of anxiety is a close second to the sensation of pain. This individual isn’t feeling their grief, remorse, or suffering right now… but they are afraid that it will come back to them at any time because of their previous experiences. This card often indicates post-traumatic symptoms, such as recuperating after a death, divorce, job loss, or other catastrophic events. Of course, the suffering might have been less apparent, but whatever the reason, it’s clear that this card is about future anxiety.
Are your concerns holding you back?
This card may also represent remorse. The woman’s dreams are plagued by her previous sins, and all she can think about is how terrible a person she must be for allowing that transgression to happen. Whether or not the guilt is justified, it is not something you should let consume your life.
Finally, this card may indicate that you are depressed. Even in their dreams, the person in bed may not be able to find relief from their depressed thoughts. If this is the case, know that there is hope out there for you to discover – seek hope to pursue each night and each morning, not for a better day. It is one of the few options for overcoming long-term depression.
When you encounter the Nine of Swords in your readings, ask yourself these questions. What are you concerned about? Is it a feeling of guilt or a feeling of pain? The dread of the future or the recollections of the past? What’s the matter with you? Why are you unable to let go of it? What are the advantages of letting things go? What are the advantages of keeping it?
What Nine of Swords Means for You Today
The Nine of Swords has appeared today to remind you that even though your situation may be difficult, the real pain is all in your head. No matter what is going on, it is your thoughts about the situation that makes it so painful rather than the experience. Although physical pain is very real, you don’t need to add to it with thoughts like ” I wish this wasn’t happening” or “why do bad things always happen to me?”. The ability to detach your mental reactions from your physical circumstances is like a superpower that all humans can develop. Bring your attention to the present moment and ask yourself ” is there really a problem right here and now? Or is the problem coming from my thoughts?”

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A woman walks amid nine pentacles that are blossoming like flowers, with a bird perched on her palm. Instead of thinking about the needs of others, you may now focus on your own practical requirements, spend money on yourself, and think about what you desire.
The Nine of Pentacles denotes substantial riches and financial gain, but only as a result of your hard work and smart preparation; a fair recompense for wise deeds. It may also mean that a period of suffering is coming to an end for you and that a period of joyous living is approaching. It may also be a sign of a desire for appreciation or charity. On a less positive side, it also symbolizes a lone wolf, implying that you are still looking for company and a group of individuals with whom to share your riches.
It may be scary to stand on your own. It’s part of what makes growing up so difficult: we have to learn a new way of doing things and eventually let go of our parents’ control over our choices and life. It may be frightening but also rewarding when we eventually walk out the door of our parent’s house and into the world of our adulthood. This could also be about starting your own business and standing on your own in that regard.
A lovely woman stands in the middle of a verdant garden in the Nine of Pentacles. She is dressed to the nines in a beautiful, flowing yellow gown and a magnificent cap. The garden itself is plentiful, with green foliage, scarlet fruits, and gleaming coins overflowing. The woman even lays one hand on the highest coin, which is, of course, the crest of a mountain of coins. The woman carries a hawk or falcon in her other hand, probably for hunting… a favorite pastime among aristocratic women. The lady is unusual in that she is alone; she has no guard, no male counterpart, and no other female companions.

This woman was able to stand on her own for the first time — no aid or other assistance was required. She can survive on her own in her succulent garden since the growing fruits and the bird of prey provide her with all of the food she needs. This card invites you to set your own terms and figure out how to stand up on your own.
Financial Independance is Near
The woman in the garden, along with her hunting bird, exemplifies a degree of physical stability that can only be attained on one’s own. Occasionally we need a group to assist us to reach where we need to go, and other times we need guiding mentors to aid us along the way… but sometimes we can accomplish our objectives on our own. Celebrating with friends is fun, but this kind of celebration of personal achievements is a special kind of sweet that should be experienced.
Finally, the Nine of Pentacles refers to personal prosperity. Some of the objectives you establish for yourself may be difficult for others to comprehend. You want to break a world record, start a new profession, or just reach a particular level of internal, personal development. All that counts is that you desire to achieve your objective; don’t let people convince you otherwise! This card indicates that if you persevere, you will achieve your objective.
When you encounter this card in your readings, here are some questions to ask yourself. What steps do you need to take to become your own person? Is there anybody on whom you place an excessive amount of trust? Is it you or someone else who makes your decisions? What steps must you do to be able to stand on your own two feet? What steps can you take to achieve and maintain stability?
What Nine of Pentacles Means for You Today
The Nine of Pentacles has appeared today as a good omen for financial prosperity. You will be successful in your endeavors, whatever they may be. If you are in sales, you could score a big commission soon. You could be up for a promotion at work, or this could be a sign of general financial wellbeing. In any case, this card assures victory and the ability to enjoy that victory. This is not something you need to chase after. At this point, most of the work has been done. Like the woman in this card, you are a money magnet right now. This might not last forever, so don’t let this time of ease go to your head.

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FIFTY8 / What is Ascension? – March 9, 2024

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FIFTY8 / It is time to bring clarity to this world

What is ascension, you may wonder?

Ascension is the process of raising your consciousness to higher levels of awareness, transcending the limitations of the ego, and connecting with your true essence, your soul and spirit – Eternal Silence. It is a journey of self-realization and spiritual evolution that can lead to profound inner peace, joy, and fulfillment. The end of the ego mind is the beginning of your real life.

But it is key to unlearn what you have learned in order to free yourself of the contents of your consciousness called programming. In my course, you will learn ancient wisdom teachings, modern spiritual practices, and practical tools to help you navigate your ascension journey with clarity and grace. Through a series of guided meditations, interactive exercises, and insightful teachings, you will:

Explore the nature of consciousness and its infinite potential
Heal past wounds and release limiting beliefs
Cultivate a deep sense of compassion and self love
Awaken your intuition and inner wisdom
Understand the real nature of this reality
Know how to create your desired reality
Feel the power of your soul and deep deep peace
And much more!

Whether you are new to the concept of ascension or are already on a spiritual path, this course offers valuable insights and practices to support your personal growth and transformation. This is a proven, experienced and awakening course. If you are serious about ascending out of the masculine world of the ego, then this course is for you.

Join me on this extraordinary evolutionary journey of your true self and awaken. Together, let’s ascend to higher levels of consciousness and create a more loving and compassionate world by becoming it.

Enroll now and start your ascension journey today!

The Cinema of Consciousness is available online and more info is below!

To a conscious and empowered existence,

Billy Rood Creator of FIFTY8 & Reality Consultant

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King Charles losing control as he undergoes cancer treatment, Kate Middleton deals with her own health crisis – March 9, 2024

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Here we are, only 18 months and change on from the death of the Queen Elizabeth and the handing over of the reins and reign to lifelong intern and all-round trier Charles and things are in disarray.

Fine. Chance, the universe, fate is to blame for a lot of this – His Majesty’s cancer, whatever issue Kate was treated for – but this is also a tale about leadership and the King’s decades-in-the-honing vision for Crown Inc.

At the heart of this mess are four words that His Majesty must now dread having ever uttered – Slimmed Down Royal Family.

The world got its first look at this during the late Queen’s 2012 Diamond Jubilee celebrations.

Gone from the Buckingham Palace balcony were the dozens of second and third and fourth cousins so removed from the throne that they probably had to wear name tags to identify one another.

In its place were just Charles and Camilla, William and Kate and Prince Harry who was four years away from meeting future wife Meghan Markle and having to learn to spell ‘unconscious bias’.

On that day, just the palace, how many footmen do you think it took to hold an indignant, red-faced Andrew back from forcefully joining them?)

The fundamental flaw in this SDRF plan was that it was predicated on those senior members working with all the zeal of Princess Anne amped up on Red Bull.

It did not take into account how greatly the loss of Her late Majesty would be felt, sickness, self-immolation via Newsnight interview or a duke deciding one day that he was better off doing this thing called ‘Job’ than having to play obedient second fiddle.

Charles’ grand scheme did not factor in ego, resentment, self-regarding plonkerism, and the inevitable ravages of time.

The end result is where we are today: After nearly two months of rolling crises, the royal family looks threadbare, depleted and wan.

The consequences of what now looks like the King’s short-sightedness are currently on full display, with Prince Edward and Sophie the Duchess of Edinburgh, two immensely well-meaning triers who make vanilla look too vanilla, and Anne left to carry the whole show. Oh dear.

Charles’ SDRF, which was meant to make the monarchy look all streamlined and efficient, has instead left them looking pallid and limp.

What seemed like a great idea back in 2012 has now, accidentally, temporarily, essentially hobbled the royal family, who are starting to get the whiff of the lame duck about them.

Things now seem to happen to the royal family leaving them regularly scrambling, on the back foot or someone dusting off the red leather crisis folder.

It feels like the palace now spends their days reacting to things rather than setting agendas and putting little known diseases on the map.

Harry and Meghan, in the four years since Megxit, have spent much of that time speaking their truth and throwing the royal family under the bus on broadcast TV, Netflix, a podcast and in print. To date, the palace seems to have no idea how to contain or manage the Sussexes.

Ditto Andrew. Years on from his downfall, he still regularly crops up like an irritating, impervious rash to try and have a good at some sort of ill-gotten, ill-conceived returning to the spotlight.

In February, at the memorial service for King Constantine, the man who paid untold millions to settle a civil sex abuse case was front and centre and all but smirking as he walked in front of the family. (Andrew has always denied the claims.)

To date, the palace seems to have no idea how to contain or manage Andrew’s bloated ego.

Despite the spares having caused no end of grief and appalling PR for years on end, they remain loose cannons who have long since slipped the palace moorings. (Mixed metaphors ahoy.)

Nearly all of the key royal players have been causing headaches or drama of late.

Camilla has raised eyebrows going overseas for a sunny jaunt for a few days (as she generally does this time of year) even with Charles being treated and so much royalling left undone.

William, meanwhile, is off doing his own thing, with his eleventh hour pulling out from Constantine’s memorial service with the brisk, useless explanation that it was because of a “personal matter” setting off an internet and social media firestorm.

How is a King having cancer treatment while still keeping up with his State paperwork and official business meant to get any decent rest with all of this going on?