Mortgage Delinquencies Soar 450% as Homeowners Pull Cash Like an ATM, Magnifying Debt Crisis!

There is no economic recovery and the mainstream has been trying to avoid the obvious but occasionally the information comes out. It’s so prevalent today that it’s impossible not to see it. If you’re looking at a secluded area, or a certain set of statistics generally known, you would conclude that as expected, a v-shape recovery is on now. But it’s quite the opposite. And sadly, people are standing right in the middle of it and can’t recognize how bad this really is.

 

Global Economic Recovery Shows Signs of Slowing – WSJ

www.wsj.com/articles/global-economy-on-track-for-big-rebound-but-slower-grind-looms-11599807742

Jim Cramer says ‘It’s good to have some cash’ as markets face a rough month

www.cnbc.com/2020/09/10/jim-cramer-on-september-it-is-good-to-have-some-cash.html

Investors will look to the Fed to soothe the market next week, but that may be a tall order

www.cnbc.com/2020/09/11/investors-will-look-to-the-fed-to-soothe-the-market-next-week-but-that-may-be-a-tall-order.html

Cramer’s week ahead: The market’s ‘badly in need’ of a stimulus package

www.cnbc.com/2020/09/11/cramer-week-ahead-the-market-badly-in-need-of-a-stimulus-package.html

Federal Spending Tops $6 Trillion for First Time; Deficit Tops $3 Trillion for First Time | CNSNews

www.cnsnews.com/article/washington/terence-p-jeffrey/federal-spending-tops-6-trillion-first-time-deficit-tops-3

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Mortgage Delinquencies Soar as Affluent Borrowers Refinance at Record-Low Rates – Bloomberg

www.bloomberg.com/news/articles/2020-09-08/refinancing-and-delinquencies-soar-in-divided-mortgage-market?sref=ZMFHsM5Z

Mortgage Delinquencies Soar as Affluent Borrowers Refinance at Record-Low Rates – Bloomberg

www.bloomberg.com/news/articles/2020-09-08/refinancing-and-delinquencies-soar-in-divided-mortgage-market?sref=ZMFHsM5Z

Mortgage Delinquencies Soar as Affluent Borrowers Refinance at Record-Low Rates – Bloomberg

www.bloomberg.com/news/articles/2020-09-08/refinancing-and-delinquencies-soar-in-divided-mortgage-market?sref=ZMFHsM5Z

UK banks warn 40%-50% of ‘bounce back’ borrowers will default | Financial Times

www.ft.com/content/8a551c37-2de8-446b-a8b8-d4a61d33ef73

VMware Cuts Pay for Remote Workers Fleeing Silicon Valley – Bloomberg

www.bloomberg.com/news/articles/2020-09-11/vmware-twitter-cut-pay-for-remote-workers-fleeing-bay-area#:~:text=VMware%20Inc.%20employees%20who%20take,to%20a%20less%2Dexpensive%20city.