USA is in Real Trouble
Some people think that the current bank failures in US would not be worse than 2008 Lehman Brothers Subprime crisis but the situation may be even worse. We have a situation whereby consumers were too used to low mortgage rates which was similar to subprime and now, there is an aggressive spike in interest rates. Apart from that,...
Potential loss on mortages
According to the Federal Reserve Bank of St. Louis, as of the end of 2021, the total outstanding residential mortgage debt in the United States was approximately $11.85 trillion. This includes both fixed-rate and adjustable-rate mortgages, as well as first-lien and junior-lien mortgages. (There is no breakdown). The most common...
Tea Talk
I am the son of illegal Street Hawker & Taxi Driver. My mother has applied for hawker stall in the Toa Payoh market numerous times but her applications were all rejected just because my father had a taxi driver license! There were 10 of us in the family and they expected one taxi driver to feed all! Thus we all became illegal...
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