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Banks have STOPPED LENDING 1 год назад


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Banks have STOPPED LENDING

The Credit Crisis has started. Bloomberg is reporting that Banks stopped lending in the wake of the SVB Banking Crisis. With loans declining by $105 Billion at the end of March. This decline in Bank Lending is a signal that the US Economy is tipping further into Recession in 2023. With other recession signals also sounding off. Like a big drop off in the Manufacturing sector with the ISM Manufacturing Index plunging in 2023. A manufacturing recession, combined with a credit crisis, is already showing up in the jobs data. Data from the Federal Reserve shows a big increase in Continued Unemployment Claims over the last six months, increasing from 1.2 million to 1.8 million. Another big problem in the economy right now is Mortgages. The Mortgage Default rate has surged in over the last six months for FHA Mortgages, all the way up to 12%. These Mortgage Defaults are occurring because the US Government and Biden Administration allows homebuyers to buy houses with only 3-5% down with mortgage payments taking up nearly 50% of their income. --- JOIN as a Reventure CHANNEL MEMBER:    / @reventureconsulting   INSTAGRAM:   / reventure_consulting   TWITTER:   / nickgerli1   CONACT US: https://reventureconsulting.com/conta... DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/ #bankcrisis #recession #federalreserve

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