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  1. #1

    Couple good articles on Economy

    https://www.visualcapitalist.com/cha...s-perspective/


    The chart is very enlightening.

    https://finance.yahoo.com/news/mortg...080000684.html

    A "credit tightening" happened during the last hurrah. It definitely won't help the situation.

    You need to prepare for the long game, we are in a lull right now but no where near finished with this emergency.

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    "Don't be too proud of this technological terror you've constructed..."

  2. #2
    Administrator
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    Quote Originally Posted by Lowdown3 View Post
    https://www.visualcapitalist.com/cha...s-perspective/


    The chart is very enlightening.

    https://finance.yahoo.com/news/mortg...080000684.html

    A "credit tightening" happened during the last hurrah. It definitely won't help the situation.

    You need to prepare for the long game, we are in a lull right now but no where near finished with this emergency.
    The charts provide a stark contrast; however, this is a mandated economic shutdown, not naturally occurring. There is reason to be optimistic because most, although not all, of the employers will reopen and people will get off the unemployment rolls.

    For now credit will tighten (after all, are prospective borrowers even working right now?), but as people return to work and the economy gets chugging along, interest rates will rise and banks will be oh-so-happy to lend at the higher rates as long as the borrower gainfully employed.

    Thankful to be in very good financial shape and not in need of a mortgage or refi!

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