Disliked{quote} With millions of foreclosures possibly happening, plus millions of evictions. The US consumer may get a quick kick in the nuts. If you can’t pay your house note, or your rent. You may not be a good consumer for the world in the near future. The markets have ignored this. Discretionary spending may slow. If you don’t have a job. You tend to spend less. It tends to trickle through the world. The money that wasn’t being spent on paying rent or house notes. May dry up further on discretionary spendingIgnored
I read today that the Spanish government promised their citizens that there would be no residential foreclosures during the pandemic. Promise broken.
Bought a little NU .7077 It just had the steepest quickest drop I've seen on it since it began it's long bull run. Might be coming to an end.