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Bank bailouts part II?


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One percent
1 minute ago, Wight Flight said:

I was hearing something about the end of forbearance in the U.S. today, and 10m mortgages being in default.

Doesn't sound good.

What’s forbearance?  Heard the term before but not a clue as to actual meaning. 

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2 hours ago, MrXxxx said:

Have the banks 'learnt their lesson' or will we be asked to bail them out in the name of Covid?...



Yes they learnt the lesson that if they lend as much as they can, and it destroys the economy/society that they will get bailed out by the taxpayer.

Heads they win, tails they also win.

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10 hours ago, One percent said:

What’s forbearance?  Heard the term before but not a clue as to actual meaning. 

agreement to delay foreclosure

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The global housing market has gotten too hot to be sustained, according to Oxford Economics' deep dive into more than 121 years of housing data.

Home prices in advanced economies may be about 10% overvalued compared to the long-term, according to new research from Oxford Economics lead economist Adam Slater. This "boom," Slater notes, is one of the biggest since 1900.

The last boom period in 2006 saw home prices 13% to 15% overvalued, based on Oxford's analysis. Students of market history remember what came next — a global financial crisis, fueled by rampant speculation in the global housing market.



Fire up the magic money printers Andrew.. 



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