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People Have STOPPED PAYING THEIR BILLS!

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Michael Bordenaro

The Chicago FED just reported a deep concern for the rising delinquencies on all forms of consumer debt, including credit card, delinquencies, auto loan delinquencies, student loan, delinquencies and non payment of rent. This cascading wall of debt is not only hitting consumers but the U.S. economy as a whole as businesses are also reporting a slowdown in hiring and more planned layoffs coming.

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Articles Mentioned in the Video
https://apple.news/AG0_QT6D_T62JinBiI...
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#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, EMail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

posted by Blarzinosf