That's not a systemic bug, it's the key function of slavelandia and the Fiat Ponzi.

When I was forecasting economic slowdown in second half of 2022 and first half 2023 I did not have consumers not adjusting their spending and instead blowing their brains out with credit usage in my modelling. I clearly gave people too much credit. Won't happen again. Haha

We are going to see 8% interest im very sure. The fed is on the war path, it practically has nothing to lose considering dollar is losing reserve asset status. So i am expecting sales on everything going forward short term as people will be forced to liquidate all kinds of assets to cover USD debt. But lets see.

what happens if mortgage delinquencies continue rising while houses are 10-20% off their all-time high prices?

do home”own”ers have enough of their mortgages paid off to avoid repossession and foreclosure?

or are there adequate safeguards in place to avoid a 2008-style housing crash?

Bubbles waiting to burst