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...from a bigger-picture perspective, this kind of moral hazard... is exactly the kind of thing that kills both pension funds and entire societies.

A house that is divided will surely fall, and the future of America looks extremely bleak if we continue down this path...

It's easy to say don't evict, but there are cascading consequences and not every case is the same...

And delayed payments in one month are a strong indicator for coming months...
 

“After witnessing several consecutive years of urban revival, the new trend looks to be in the suburbs as more companies allow greater flexibility to work from home.”

...what next - gold confiscation?

"The worst casualty of the epidemic is the loss of human contact..."

"The swift and unprecedented impact of COVID-19 left many people in a financial emergency..." 

Smart money is getting the hell out of the city.

We should all be prepared for what’s coming next...

... "a large suburban home is going to become very attractive relative to having urban space." 

“Yeah, we’re just not doing jumbo loans…”

The big question remains - what happens when the $600 CARES Act bonuses stop flowing at the end of July?

When gig workers call to inquire about their benefits in Illinois, they get a message simply stating: "We are closed due to unforeseen circumstances."

Whining and complaining about inequality is a growth industry...Understanding the flaws in the wealth inequality argument is increasingly important...

People got money and spent it, but they also skipped mortgage payments and credit card payments... What happens when the checks run out?

...are homebuilders far less confident than their "sentiment" index would suggest about the "V"?

... there is a very real chance of "lasting damage" in many sectors,

This sent core retail sales soaring back into the positive on a YoY basis (+2.1%)

"The US economy right now is like a jumbo jet that’s in a steady glide after both its engines flamed out. In about six weeks, it will likely crash into the side of a mountain..."