Investing

[Tigeraholic1]

 

[Deleterious]

Someone posted this is WSB.  Could be AI but still funny.

[gehringer_2]

On 2/13/2026 at 9:00 AM, Tigeraholic1 said:

Looky there, nice

 

"This week, there was yet another warning that many homeowners might be headed for trouble.

The mortgage delinquency rates for lower-income households are surging, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data, which recently released its Household Debt and Credit report for the fourth quarter of 2025.

According to New York Fed data, the 90-plus-day mortgage delinquency rate for families in the lowest-income bracket jumped from 0.5 percent in 2021 to nearly 3 percent by the end of 2025. Meanwhile, folks in the highest-income areas are doing just fine, maintaining “historically lower delinquency rates.”

It’s another reminder that the U.S. economy is largely benefiting people with means, while financial storm clouds are gathering over those who can least afford a rainy day. As the New York Fed points out, “financial distress appears to be deepening for households in lower-income areas.”

When the Fed examined what might account for the disparities in mortgage performance, it concluded the job market could be a major contributor.

Although the latest jobs report from the Labor Department shows some gains in January, the rebound was limited to just a few sectors, such as health care.

Nationwide, unemployment is relatively low, but “worsening” regional labor markets are making it hard for people to keep up with their mortgage payments.

“Two-thirds of counties have seen their local unemployment rates rise, and 5 percent of the population lives in counties where unemployment rates have risen by more than 1.6 percentage points,” according to the New York Fed."

this is from WaPo

https://www.washingtonpost.com/business/2026/02/14/mortgage-problems-delinquencies/

Edited 5 hours ago by gehringer_2

[chasfh]

On 2/12/2026 at 5:33 PM, gehringer_2 said:

Speaking of gambling, Bitcoin is down 47% since October. Worst stretch since 2022. And the fun part, there is no theoretical bottom underpinning its value.

Before you dance on its grave, I would consider buying low on it while it's down, given how this government is (putatively) all in on crypto.

[chasfh]

19 hours ago, Tiger337 said:

ZeroHedge is a conservative darling but he's just the messenger.  I don't think these numbers are fake.  They will be adjusted later, but that's not the same as being fake.  

You know as well as anyone that this administration forfeited the benefit of that doubt a loooooong time ago.

[Tiger337]

7 minutes ago, chasfh said:

You know as well as anyone that this administration forfeited the benefit of that doubt a loooooong time ago.

They don't have to create fake numbers though.  They can just tell maga world that the numbers are at record low and they'll be believed.  Wall Street won't fall for it though.  The CPI is real, although maybe not so meaningful as it's made out to be.  

Edited 4 hours ago by Tiger337

[Tiger337]

1 minute ago, Tiger337 said:

 

 

Edited 4 hours ago by Tiger337

[chasfh]

12 minutes ago, Tiger337 said:

They don't have to create fake numbers though.  They can just tell maga world that the numbers are at record low and they'll be believed.  Wall Street won't fall for it though.  The CPI is real, although maybe not so meaningful as it's made out to be.  

They don't have to create fake numbers. That doesn't mean they would never. All I'm saying is they destroyed any trust someone should have in labor numbers as reported by the government, and that destruction of trust will certainly survive this administration.

[Tiger337]

1 minute ago, chasfh said:

They don't have to create fake numbers. That doesn't mean they would never. All I'm saying is they destroyed any trust someone should have in labor numbers as reported by the government, and that destruction of trust will certainly survive this administration.

They could try, but really smart people who follow that stuff closely would pick up on it right away and these are people with a lot of money and power.  I don't think it's so easy to just make up numbers and get away with it.    

[Tigeraholic1]

1 hour ago, gehringer_2 said:

 

"This week, there was yet another warning that many homeowners might be headed for trouble.

The mortgage delinquency rates for lower-income households are surging, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data, which recently released its Household Debt and Credit report for the fourth quarter of 2025.

According to New York Fed data, the 90-plus-day mortgage delinquency rate for families in the lowest-income bracket jumped from 0.5 percent in 2021 to nearly 3 percent by the end of 2025. Meanwhile, folks in the highest-income areas are doing just fine, maintaining “historically lower delinquency rates.”

It’s another reminder that the U.S. economy is largely benefiting people with means, while financial storm clouds are gathering over those who can least afford a rainy day. As the New York Fed points out, “financial distress appears to be deepening for households in lower-income areas.”

When the Fed examined what might account for the disparities in mortgage performance, it concluded the job market could be a major contributor.

Although the latest jobs report from the Labor Department shows some gains in January, the rebound was limited to just a few sectors, such as health care.

Nationwide, unemployment is relatively low, but “worsening” regional labor markets are making it hard for people to keep up with their mortgage payments.

“Two-thirds of counties have seen their local unemployment rates rise, and 5 percent of the population lives in counties where unemployment rates have risen by more than 1.6 percentage points,” according to the New York Fed."

this is from WaPo

https://www.washingtonpost.com/business/2026/02/14/mortgage-problems-delinquencies/

You mean the inflated mortgages under the Biden era when people were paying 30-40% over market value for mortgages they couldn’t afford can’t pay for them now? 

Edited 3 hours ago by Tigeraholic1

[gehringer_2]

48 minutes ago, chasfh said:

Before you dance on its grave, I would consider buying low on it while it's down, given how this government is (putatively) all in on crypto.

Oh - I gave up dancing on the grave of Bitcoin some time ago - pretty much after it recovered after '22. But that's one party I'm not interested in joining either way.

[Tigeraholic1]

👀 

 

[VegasTiger]

The deficit better be down or we're paying all these tariffs for nothing.