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Home Foreclosures are Surging. Repeat of 2008 Mortgage Bust Coming? | Nick Gerli & Amy Nixon

Wealthion - Be Financially Resilient

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The Unknown and Unknown in Foreclosure Data

Aaron Carroll: What's happening now sort of feels like late stage cycle behavior. You saw foreclosures on the chart that was just up, they were very, very low then. He says when you're in a macro cycle where liquidity is draining from the pool, we start to see those unknown unknowns can rise to the surface. Those are referred to as black swans and suggest big problems for an increasing unemployment rate.

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