Powered by Stimulus & Rent/Mortgage Payments “Not Made,” US Trade Deficit Hits Record Worst Terrible Level Ever by Wolf Richter • Sep 29, 2020 • 89 Comments Not a sign of strength, but of big economic distortions.
Subprime, No Problem? FHA Mortgage Delinquencies Hit Record 17.4%, as Fed Triggers Mad Land-Rush in Split Housing Market by Wolf Richter • Sep 25, 2020 • 136 Comments Atlanta metro: 53,000 FHA mortgages are delinquent. Houston metro, 47,000. Just FHA, not including other delinquent mortgages. And when forbearance ends? By metro.
Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon by Wolf Richter • Sep 13, 2020 • 136 Comments In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”
