I can feel it coming in the air tonight, oh lord....
Business Insider is reporting that mortgage rates are heading toward 2008 numbers, due mostly, they report, inflation. More on the way The recent Inflation Reduction Act (cum climate change fight back - wink) did little to stop this trend. The Chinese are already in bucky-bucky beaver conversations sizing up our sad dumpling ass. BI goes:
It's also the highest mortgage rate since 6.52% in 2008, a time when a combination of cheap debt, predatory lending practices, and complex financial engineering triggered a foreclosure crisis that gave birth to a global recession.
The doom is closing in the middle mighty whitey this time. More buffer erosion. Oh dear.
And then Jeffrey over at Counterpunch posted more bad news. The minimum wage requirements to afford a 2BR flat in the US. It goes:
Sweetest Jesus!
At archive.org
