JP Morgan issues a serious warning about the current state of the economy, backed by substantial data and trends. Global conflicts and ongoing events could potentially disrupt food, energy markets, and international relations. High mortgage rates are greatly impacting the housing market, resulting in a significant drop in homebuyer demand. Concerns about rising inflation and escalating national debt are causing unease, potentially leading to inflation and high interest rates.
#RealEstateCrisis #ForeclosureWarning #HomeBuying2023 #housingmarket
9 Comments
It’s about to get even more real. No one can keep up with the insane costs of living. Stop the inflation scam.
Between Blackrock and JP Morgan will be buying up all the houses and rent them to the people no more American dream you will own nothing and be happy
This country is becoming impossible
Dimon was saying in May that mortgage rate could be as much as 10% by the end of the year. We thought is was a wild exaggeration!
Now it seems a definite possibility.
The Israeli/Palestinian conflict is a lot worse than imagined as well. Already Qatar are considering halting oil and gas exports to Western countries, which is a problem, they produce 75% of global LNG products. This is like a Gulf of Tonkin engineered conflict. It happened as Winter approaches in the Northern Hemisphere and will reduce the Western Developed countries economies to dust.
This is NOT good. Dimon was playing the geopolitical tensions down this time. The next 6 months are going to be hell for the US and Europe.
They have not reported the blns of unrealised losses
Agreed
😂😂😂…. Yeah they looking for another bailout… Not to worry the government will fill their pockets with taxpayers dollars…
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How do you think the current debt levels will affect the housing market?
Nailed itrttt