Mortgage lenders are starting to go broke…before collapse.
Marcelo Marini, typing from Santa Catarina Coast, Brazil.
Interest rates go higher, and as inflation sticks, the middle man (the people) is squeezed before a collapse.
When the subsequent price devaluation hits the street, he will be on the road, without a job, no income, huge debts…
Because he decided to invest when the riches chose to sell, wait, hold, he’ll the later to win… a modern way to say we lost. Timing is an impressive thing! Most people don’t get it… or they get it late…
The US housing market is in a recession… mortgage lenders are starting to go broke.
This time our feeling is that it’s not a normal US recession but a global slump.
Best to know the difference between cash and assets and better understand how to react in times like these.