The cycle was ending and the Fed was already easing in 2019 before the pandemic. However, the pandemic asset bubble guarantees this recession will be many times worse than it would have been.https://t.co/resrCdAIzT
Interest payments have doubled since the pandemic lows. pic.twitter.com/3Y9PywZR8Q
— Mac10 (@SuburbanDrone) December 3, 2023
This show personal interest payments adjusted for inflation, going back to the 1990s. Clearly this is the outlier compared to prior cycles.
Every aspect of the pandemic response was a policy error and the cost is now due.
The "science" of bankruptcy. pic.twitter.com/uWyYe0y33m
— Mac10 (@SuburbanDrone) December 3, 2023
🇺🇸 US NACM credit managers – bankruptcy filings.
In #recession territory!
Chart: @VPatelFX pic.twitter.com/2AB2SALvBI
— Alex Joosten (@joosteninvestor) December 3, 2023
and PPP pic.twitter.com/J4EbanLnOz
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) December 3, 2023
A $400,000 mortgage at 8% is close to $3,000 per month without taxes, insurance etc. At 6% it was down to $1,600/mo. Interest rates kill housing or create booms.
— floridanow1 (@floridanow1) December 3, 2023