Chris, Saied and Haroon unpack the outstanding mortgage market by rate before hopping in to an example of how tenuous the business has become for lenders and their employees. Then they dive in to some chart work with sexy visual stimulus regarding the current state of the consumer credit market. To round off the show ahead of jumping in to Saied's self-inflated basketball ego, they boys take a look at Americans' net worth at every age.
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Resources:
Outstanding mortgages by their mortgage rates (Kobeissi Letter via X)
The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses (Wall Street Journal)
Credit card balances in the U.S. have crested at $1 trillion (CNBC Chart of the Day via Instagram)
Here’s Americans’ net worth at every age—for people under 35, it’s up 142% (CNBC)
Fed's preferred inflation gauge shows biggest monthly jump since May (Yahoo! Finance)
M&A to explode in 2024 as roughly 1,200 companies are expected to run out of money (Yahoo! Finance)
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