looking forward (proactive stance).....REMEMBER summer/fall 2007 and the innocent assumption all was well with the financial world.....THEN 2008
BROKE the back of institutions,individuals and brought insane ramifications for ALL....this article relates what COULD be a repeat,because, as of
this moment, we are in that 2007 fall from innocence.
Back then it was CDO..(COLLATERAL DEBT OBLIGATIONS)that wrecked havoc, NOW we have CLO(COLLATERALIZE LOAN OBLIGATIONS) These
initials mean banks can keep debt OFF OF THEIR BOOKS....WELLS FARGO has 1 TRILLION off the books....banks are being opaque about their
finances (the stress test is a joke).....because of the pandemic, the EXTENDED outlook could be a re-do of the great recession.....AGAIN,the scenario is
one of COULD (one can only hope it is not would).....fair warned =fair situated IN CASE THERE IS A FALL.
Some right wing conspiracy sites think that the housing market is about to collapse. Personally I don't see it. Interest rates are at record lows. Both parties want to send out more stimulus spending. Housing prices are increasing but it isn't a bubble like in 2007.