A foreclosure crisis is looming — but here’s what’s different from 2008

“The V-shaped recovery has been interrupted”

Though a foreclosure crisis is on the horizon, experts say recent fiscal policy will prevent a full collapse of the financial system.

“It’s a slow-moving process,” Bill Emmons, an economist at the St. Louis Federal Reserve, said during a presentation on housing insecurity on Wednesday. “It definitely looks like there will be another major event, but hopefully not as bad as the foreclosure crisis associated with the Great Recession.”

RSK: If there is truly a second wave this may get ugly. Banks are going to have to tread water with their mortgages for some time.

Ken Notes: Of course there will be a second wave. We have wasted three trillion dollars, we will run out of the ability to print cash and the market will forever be changed...

- - Volume: 8 - WEEK: 40 Date: 9/29/2020 8:32:32 AM -