Millions of Americans skipping payments as wave of defaults and evictions looms
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Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#2Yet the S&P500 is still green. The Fed continues to print in order to delay the inevitable. Either a currency crisis or hyperinflation.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#3Yet the S&P500 is still green. The Fed continues to print in order to delay the inevitable. Either a currency crisis or hyperinflation.
Bingo, there's also been a huge influx of retail investors fueling the earlier Bull rise
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#4Yet the S&P500 is still green. The Fed continues to print in order to delay the inevitable. Either a currency crisis or hyperinflation.
Savings rates are through the roof right now, I would worry more about a deflation spiral.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#5Yet the S&P500 is still green. The Fed continues to print in order to delay the inevitable. Either a currency crisis or hyperinflation.
Or worse: BAML had a great piece recently that QEternity (cough) has actually stoked deflation by reducing low-risk asset yields to zero, which forces many savers to save more as relatively risk-free income disappears, which lowers consumption and thus inflation, prompting more QE...rinse and repeat.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#6Yet the S&P500 is still green. The Fed continues to print in order to delay the inevitable. Either a currency crisis or hyperinflation.
Or deflation, a bigger worry as consumers might be expecting lower prices in the future and delaying purchases. Leading to a deflationary spiral.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#7If there is no spike in infections within two weeks, from areas which had large public protests in the past week, can millions of Americans be helped by restarting the economy?
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#8Guy has what looks like a luxury truck and is apparently having trouble deciding between food and his car payment.
Sell the car, get a cheap used beater, reduce expenses, keep looking for a job. Not sure what NPR wants me to take from this example.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#9>He says a call center worker told him that he didn't qualify for any help because he was late on a car payment last year. When NPR contacted Ford, the company said that is not its policy. And after reviewing the case, the company is now letting Baird skip his next car payment, which he says is a big help.
It appears Ford operates on the Google customer service spectrum of only helping those who can gain support of public outcry.
What I would like to see is a response from Ford that they will open an investigation to review everyones requests which have been denied for skipping payment.
Re: Millions of Americans skipping payments as wave of defaults and evictions looms
#10Guy has what looks like a luxury truck and is apparently having trouble deciding between food and his car payment. Sell the car, get a cheap used beater, reduce expenses, keep looking for a job. Not sure what NPR wants me to take from this example.
Car payments don't work like that.
And that's not even addressing the fact that the entire country went into economic free fall, so "Just sell the X" isn't quite the advice it used to be.