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Loan Demand For Mortgage Loans Crashes To Depression Levelswww.zerohedge.com/markets/loan-demand-mortgage-loans-crashes-depression-levels
164 sats \ 1 comment \ @User21000000 11 Nov 2022 bitcoin
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0 sats \ 0 replies \ @orthzar 11 Nov 2022
Shot:
most banks assigned probabilities between 40 and 80 percent to the likelihood of a recession in the next 12 months
Chaser:
most banks reported expecting the recession to be mild to moderate
I'm not a data-driven guy, but even a casual perusal of relevant data (e.g. sovereign debt to GDP ratios, global inflation numbers) suggests that this "recession" is not going to be remotely mild or moderate.
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