#us #mortgage #system starting to #collapse , so #wellsfargo are now #layingoff their #mortgage #staff https://www.cnbc.com/2022/11/02/wells-fa.. #economic #crash #inbound .
Interesting, the #us #federal #reserve are trying to #spend their way out of a #recession https://www.zerohedge.com/markets/perfec.. This won't work well. As a result the #mortgage #rates are at a *30 year high* - it was cheaper to get a #mortgage during the 2008 #financial #crisis ! Absolutely madness.
#china 's #ccp are trying to use 200 #billion #yuan to #bailout their #property #market and try to get people paying their #mortgage again: https://www.zerohedge.com/markets/china-.. The irony here is that it's not nearly enough, things are far too gone. They don't seem to be even beginning to grasp the true scale of the almighty mess they are currently in.
#hedgefunds are being #shorted into the ground: https://www.zerohedge.com/markets/squeez.. #private #mortgage #lenders are going under: https://www.zerohedge.com/markets/privat.. A #recession is absolutely imminent now.
Looks like #china 's #ccp is not out of the woods yet, with #property #owners simply #refusing to pay their #mortgage in #protest https://www.zerohedge.com/markets/we-dec.. A #chinese #economic #crash is guaranteed without some massive unseen changes.
Huh, the #uk #government are looking to creating #multigenerational #mortgage #debt - what the fuck! https://www.independent.co.uk/news/uk/po.. This will *not* end well at all.