Those forbearance solutions and payment deferrals are how we hid the fact that a great deal of equity has just been withdrawn from millions of mortgage borrowers. I’m trying to find out how that 2nd lien is currently being reported to the Fed. I have a feeling we may not be looking at a true picture of mortgage credit. To do that with cars is just ummmmm - bad. We are in for one hell of a headache.
"One local bank here in Nevada, they literally just hired 400 collection agents..."
Every investor in NVDA at 150X PE or BRK at 20X FPE knows this in their gut, the reality is palpable. They just can't imagine a day when the Fed doesn't react in their favor and that's why your 70 yr old reddit dudes are telling you their casino will always be lit! Unfortunately for them, they're Linda at the table and Lost in America.
they will also bring some pain to households and businesses. ..translation: alcoholism, drug addiction, spouse abuse, suicides, bankruptcies, the usual suspects, nothing to see here, move along...
When people needed “relief” during the lockdowns, the only thing I can remember escaping unscathed from the Govtards were credit card rates. I wonder why??
Stalin: "Let's wrap this up, they ain't gonna kill themselves. "
Those forbearance solutions and payment deferrals are how we hid the fact that a great deal of equity has just been withdrawn from millions of mortgage borrowers. I’m trying to find out how that 2nd lien is currently being reported to the Fed. I have a feeling we may not be looking at a true picture of mortgage credit. To do that with cars is just ummmmm - bad. We are in for one hell of a headache.
"One local bank here in Nevada, they literally just hired 400 collection agents..."
Every investor in NVDA at 150X PE or BRK at 20X FPE knows this in their gut, the reality is palpable. They just can't imagine a day when the Fed doesn't react in their favor and that's why your 70 yr old reddit dudes are telling you their casino will always be lit! Unfortunately for them, they're Linda at the table and Lost in America.
“White men have been sneaking up on us for years.”
they will also bring some pain to households and businesses. ..translation: alcoholism, drug addiction, spouse abuse, suicides, bankruptcies, the usual suspects, nothing to see here, move along...
When people needed “relief” during the lockdowns, the only thing I can remember escaping unscathed from the Govtards were credit card rates. I wonder why??