Between now and November, current unemployment support will end. waivers on mortgage and student loan debt will end, and banks will be demanding payments, including deferred payments, which many will not be able to afford. By October there will be a Housing bubble collapse. We face the real possibility of a financial panic right before the election. No wonder people are fleeing to precious metals for security.
“ We face the real possibility of a financial panic right before the election”
I sure agree we are digging a very deep hole. BUT, What you describe will not happen before the election. There will be another stimulus, Trump will be elected and then it will be payback. The fed is printing money like there is no tomorrow and will continue until the election.
“Between now and November, current unemployment support will end. waivers on mortgage and student loan debt will end, and banks will be demanding payments,”
That is right I have been attempting to put my self in the correct Financial position since Feb. I reposition my 401K in to Guaranteed interest Asset as soon as I heard the rumors about the virus, then redirected my weekly investments to savings and paying off bills. I now have the house cover with no bills.
Hoping we all land on our feet. A lot of wise people here realize what was happening in early Feb. Shout out: thanks for the Heads Up.