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Originally Posted by kingstu
You have to look past your own experience and look at the data. The FED has no reason to manipulate the data and even if they did…the data can be independently verified.
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Home sales figures have dropped by double digit percentages over the past 2 years. How can lending figures be steady when the number of transactions is plummeting everywhere?
Quote:
Originally Posted by kingstu
This is exactly what you would expect to happen in a bubble. How many tech workers and companies went down in 2001?
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That’s exactly the point. Brokerages are going out of business because lending is DOWN. Not consistent or climbing. Down.
Quote:
Originally Posted by kingstu
How many banks have failed compared to how many banks are in the U.S.?
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The proper question is “how many mortgage brokers, correspondent lenders, and banks have failed compared to how many banks are in the US?”
Care to take a guess at that number?