Amy Nixon: ‘As far as subprime loans go, these are the worst possible imaginable ones for banks. What’s the collateral? At least in 2008 they could foreclose on something’

How about that “strong” retail sales data… pic.twitter.com/kzrjb4ZvdI — Amy Nixon (@texasrunnerDFW) December 14, 2023 I mean, what are they going to do? Repossess the empty bag of Doritos you ate months ago? As far as subprime loans go, these …

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Reddit has become the worst

by Kittybatty As of lately, Reddit has really gone downhill this is the absolute worst social media site if you want to talk about anything interesting or anything real or anything of substance at all. The majority of people in …

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‘Everyone was tricked into dumping their volatility positions at the worst possible time.’

Everyone was tricked into dumping their volatility positions at the worst possible time. — Financelot (@FinanceLancelot) October 25, 2023 #recession … #StockMarket Bubble edition#volatility #VIX 📈 😬 https://t.co/xm7BJe63zl pic.twitter.com/8ibL9o05JU — Invariant Perspective (@InvariantPersp1) October 25, 2023 #recession … #StockMarket Bubble …

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Homeless elder population worst since great depression

by truemore45 https://finance.yahoo.com/news/unconscionable-baby-boomers-becoming-homeless-103000310.html So I personally have dealt with this with a family member, they were silent generation and this was before COVID. I had a family member who got screwed over in a divorce in her late 60s, she …

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Real BRICS Threat + The Worst Macros I’ve Ever Seen

via Matthew Piepenburg: In many recent articles and interviews, I’ve warned that Powell’s “higher for longer” war against inflation will actually (and ironically) lead to, well… greater inflation. That is, the rising interest expense (nod to Powell) on Uncle Sam’s fatally rising 33T bar …

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Danger Jay Powell! US Median Home Prices Crashed -7.4% In Q2, Worst Decline Since Recessions Of 1970 And 2008 (Higher Mortgage Rates + Tighter Mortgage Credit Box = Heartaches On Heartaches!)

by confoundedinterest17 Danger Will Robinson! Danger! Median sales price of homes in the US sank by -7.4% in Q2 2023. This is particulary dangerous since it was the worst correction in home prices since two rather nasty recessions of 1970 and …

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