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

THIS IS VERY BAD — “FREE MONEY!”

source

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

Global Economic Recovery Shows Signs of Slowing

LONDON-The global economy is bouncing back strongly from the collapse it suffered in the spring, but fresh data suggest the early gains from the lifting of coronavirus lockdowns are already exhausted, adding to evidence that the world economy could take many months, if not years, to heal. Fresh figures from the U.K.

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

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

With the market toiling through volatility, now is a good time for investors to have cash on hand, be patient and wait for attractive buying levels, CNBC’s Jim Cramer said Thursday. The major averages all slid more than 1% during the trading session, a negative for stocks as an asset class but terrific for investors who have some powder in the keg, he said on ” Mad Money.”

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

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

Markets are looking to the Federal Reserve to be a soothing force when it meets in the week ahead, but stocks could remain choppy if the central bank disappoints and as investors focus on the election and the economic recovery.

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

Cramer’s week ahead: ‘This market’s badly in need of another stimulus package’

CNBC’s Jim Cramer on Friday took a look at the week ahead for Wall Street and gave his thoughts on the newsiest events marked on his calendar. “I know it’s not a huge news week, but this market’s badly in need of another stimulus package,” the ” Mad Money” host said.

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

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

(Photo by Doug Mills-Pool/Getty Images) (CNSNews.com) – Federal spending has topped $6 trillion for the first time in any fiscal year in the nation’s history and the federal deficit has topped $3 trillion for the first time, according to the Monthly Treasury Statement for August that was released today.

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

https://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

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

UK banks are warning that up to half of the £18.5bn of “bounce back” coronavirus loans are unlikely to be repaid and are lobbying the chancellor to prepare for the collapse of hundreds of thousands of small businesses.

VMware Cuts Pay for Remote Workers Fleeing Silicon Valley – Bloomberg

https://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.


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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.The real estate market is multi faceted. There’s debt that can expand at such a rapid rate and nobody seems to notice. Mortgage rates continue to decline. People borrow more.

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Black Picard
September 13, 2020

And sadly, people are standing right in the middle of it and can’t recognize how bad this really is. — That’s because “people” (aka the ignorant Western sheep) have been brainwashed continuously for decades by the lying Deep State ZioPress about the real issues regarding their economies. Many naively got into the debt trap (spending more than they earn) and blindly voted for the Dems or GOP “CONservatives” not knowing both parties are owned & controlled by the same usual bankster suspects. So I say, “good riddance!” if a crash occurrs. You don’t believe me? Well, just ask the Venezuelans,… Read more »

Eric Zuesse
September 14, 2020

The headline isn’t documented. What a waste of time to read this article.

QAnon is probably correct in its basic assumptions [Video]

Macron increases support for Greece in EAST MED. Pompeo arrives in Cyprus