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re: Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever

Posted on 5/21/20 at 3:27 pm to
Posted by TH03
Mogadishu
Member since Dec 2008
171114 posts
Posted on 5/21/20 at 3:27 pm to
quote:

So much for the misguided and hopeful proclamations of short-term economic impacts and a speedy recovery.


Well we can’t really judge that right now. The more things open up the faster the recovery will be.
Posted by Crowknowsbest
Member since May 2012
25902 posts
Posted on 5/21/20 at 3:35 pm to
quote:

Well we can’t really judge that right now.

I think we have a pretty damn good idea. The numbers are adding up to be way too devastating for a quick recovery. It’s at least becoming very unlikely that that will be the case.
quote:

The more things open up the faster the recovery will be.

I don’t have high hopes judging by the governmental and popular response to this point.
Posted by Scruffy
Kansas City
Member since Jul 2011
72422 posts
Posted on 5/21/20 at 3:41 pm to
quote:

Well we can’t really judge that right now. The more things open up the faster the recovery will be.
Nothing is pointing at a “v-shaped” recovery.

Even in areas where they have already reopened, businesses seem to be reporting that they are unable to find employees.

People aren’t returning to work.

If people won’t return to work, it does not matter if areas open or not.
This post was edited on 5/21/20 at 3:43 pm
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