Got a feeling in my bones that we are on the cusp on something breaking. Consumer credit data and auto loans are the canaries in a coal mine.

Reply to this note

Please Login to reply.

Discussion

dommed ser, we are doomed 😩

MANY LARGE RE PROJECTS NEAR ME THAT HAVE SIMPLY JUST STOPPED MID CONSTRUCTION AND SAT… SOME FOR OVER A YEAR NOW 👀

Yep - builders are in a tight spot depending on where they were cycle wise in their projects. Lot of trapped equity out there.

Big facts. When it breaks, it will break fast and be extremely painful for so many.

I agree. The illusion of liquidity will be their downfall. I’ve seen this sitcom before 🤣

But, but, but

They they told me there is no worries of a recession 🤣🤣

That’s one of those things that just breaks my brain. We’ve exceeded the definition of a recession for several quarters. It’s the “emperor has no clothes” financial edition.

Exponential effect! Starts slowly and then all at once!

Hemingway… how did you go broke. Slowly than all at once.