I don’t know how seriously to take this, but “loans everyone expected to be solid are now headed into default” is exactly what led to the crisis in 2008. See The Big Short, Too Big to Fail and Margin Call for how that all worked out if you’re too young to have lived through it.
If this is accurate and continues, it predicts a devastating economic crisis given Trump has no ability to navigate a crisis like that, and he has surrounded himself with a bunch of utter morons that are no better.
So… basically exactly what one would expect from this administration. The worst possible outcome in every category by every conceivable measurement. I’m beyond panic or outrage at this point. Bring it on.
I don’t know how seriously to take this, but “loans everyone expected to be solid are now headed into default” is exactly what led to the crisis in 2008. See The Big Short, Too Big to Fail and Margin Call for how that all worked out if you’re too young to have lived through it.
If this is accurate and continues, it predicts a devastating economic crisis given Trump has no ability to navigate a crisis like that, and he has surrounded himself with a bunch of utter morons that are no better.
So… basically exactly what one would expect from this administration. The worst possible outcome in every category by every conceivable measurement. I’m beyond panic or outrage at this point. Bring it on.
I’m hoping the bank will run out of money and collapse before they can foreclose my house, let’s goooooooo