The aftermath of COVID-19
03-20-2020 | 10:43 AM
#41
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,888
Likes: 684
From: Engines Turn or People Swim
This is something new?
They can probably mitigate that by deferring payments and injecting cash into consumers until things pick up. The fed has already mandated that for fed-backed home loans (about 50% of them). The rest of the industry is expected to follow suite.
They can probably mitigate that by deferring payments and injecting cash into consumers until things pick up. The fed has already mandated that for fed-backed home loans (about 50% of them). The rest of the industry is expected to follow suite.
03-20-2020 | 11:34 AM
#42
Gets Weekends Off
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
This is something new?
They can probably mitigate that by deferring payments and injecting cash into consumers until things pick up. The fed has already mandated that for fed-backed home loans (about 50% of them). The rest of the industry is expected to follow suite.
They can probably mitigate that by deferring payments and injecting cash into consumers until things pick up. The fed has already mandated that for fed-backed home loans (about 50% of them). The rest of the industry is expected to follow suite.
03-20-2020 | 11:41 AM
#43
Gets Weekends Off
Joined: Oct 2008
Posts: 553
Likes: 0
Corporate debt levels are a historic levels too. There will be municipal bankruptcies left and right.
complete lack of institutional confidence will fuel things further
I hope I’m wrong, but I don’t see how we don’t wind up on a recession or depression on the backside of this.
complete lack of institutional confidence will fuel things further
I hope I’m wrong, but I don’t see how we don’t wind up on a recession or depression on the backside of this.
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