This has been predicted for going on 3 years.
However, if Silicon Valley Bank cannot make it,
how will consumers fare going forward?
Home Prices Down?
We have seen this movie before.
U.S. existing-home prices fell from a year earlier in February for the first time in 11 years, as a dip in mortgage rates caused home sales to surge from January levels.
The national median existing-home price fell 0.2% in
I don't want those of you with insurmountable student loan
debt to miss this so I will be repeating it: Effective
November 17, 2022, the Justice Department is backing off its
longtime aggressiveness in fighting all lawsuits in bankruptcy court
to discharge student loans.
The process is still in
Debt from overpayments on unemployment,
owed by the consumer who was overpaid, is
generally NOT dischargeable in bankruptcy.
The federal government, as part of its piece by piece
knee jerk Covid response, shoveled more unemployment money to the states than the states had the infrastructure to distribute.
ID.me’s chief executive,
Yes, big recession coming:
“Potentially the biggest financial crisis ever,” Musk posted on Twitter on Dec. 16 in response to a tweet by Wood and a series of tweets from the CEO of a car dealer group about the potential auto loan crisis.
And:
“I’m now convinced that there is
The too much debt wave is starting to crest.
Debt collection lawsuits are “overwhelming” Michigan's district court system, often resulting in a process thatpits well-heeled creditors and debt buyers against low- and moderate- income residents, according to a newstudy.
A study of Michigan's court systems that took
As usual, it seems like forever, most folks do
NOT trust lawyers.
Barely a third of Americans think lawyers are trustworthy, and the legal profession’s reputation hasn’t improved much in recent years.
The latest Rasmussen Reports national telephone and online survey finds that only 35% of American Adults
I have blogged on this a few times.
Unless you want to start a new company in the same business,
or are tired of the phone calls/harassment from collectors who bug you
because you are the responsible party/officer of the corporation,
filing Chapter 7 bankruptcy is a waste of
Are we in a recession?
Hell yes.
From Instapundit:
IT’S PROBABLY NOTHING:
There’s a notion that if you want to gauge the future of the economy, just look at default rates for auto loans. When times are good, autos are one item that people typically load up on. As
My first reaction is: Duh.
Rising interest rates cause credit card debt to increase.
However, anyone carrying a balance will also see the annual percentage rate on their credit card head higher as the Fed continues to raise rates to try and tamp down rising prices.
Because most credit card contracts allow them - the
