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

THIS IS VERY BAD — “FREE MONEY!”

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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

https://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

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

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

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

Front Page Featured | MRCTV

The mission of the Media Research Center is to document and combat the falsehoods and censorship of the news media, entertainment media and Big Tech in order to defend and preserve America’s founding principles and Judeo-Christian values. The MRC is a research and education organization operating under Section 501(c)(3) of the Internal Revenue Code, and contributions to the MRC are tax-deductible.

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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

Lenders fear a ‘PR disaster’ if they have to pursue small businesses for bad debts

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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Sources Used in This Video:http://bit.ly/TheMoneyGPSSources2020


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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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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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