Americans stopped buying homes in 2018, mortgage lenders are getting crushed, and an economic storm could be brewing

(www.businessinsider.com)

posted by Kannibal on News

3 comments

[–] haltinganxiety 0 points (+0|-0)

Edited

It's too soon to panic, but a deeper drought in housing is bad news for just about everybody, not just the banks.

It's never too soon to panic... I think it's time :\

[–] Kannibal [OP] 0 points (+0|-0)

a crash would be just in time for the Trump re-election cycle

interesting times indeed

[–] das_american 0 points (+0|-0)

I would be surprised if that didn't happen. In the end the Federal Reserve has all the power over booms and busts, and they prefer status-quo (establishment) candidates.

Posted by Kannibal
Score: 7 (+7|-0)

/s/News

728 subscribers

No memes or images. Exceptions may be made in the case of images of an ongoing news story becoming available.
User-edited titles are not allowed. Copy the headline directly and use it as the post title. Corrections in spelling or minor alterations may be acceptable.
News articles written over a month before posting must have the date of the article in the post title.
No paywalls. Use an archived link to post a paywalled article.
Translate non-English articles.

Phuksnews everyone!

Other News subs on phuks:

/s/USnews

/s/Worldnews

/s/politics

Moderators

Created by Phuks

Sub Log Banned Users