#borrowers — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #borrowers, aggregated by home.social.
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https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014
'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'
'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'
(NZ's Social Credit Party got a Court to agree five decades earlier.)
'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'
(The OECD average is about twice that.)
'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...' -
https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014
'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'
'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'
(NZ's Social Credit Party got a Court to agree five decades earlier.)
'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'
(The OECD average is about twice that.)
'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...' -
https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014
'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'
'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'
(NZ's Social Credit Party got a Court to agree five decades earlier.)
'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'
(The OECD average is about twice that.)
'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...' -
https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014
'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'
'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'
(NZ's Social Credit Party got a Court to agree five decades earlier.)
'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'
(The OECD average is about twice that.)
'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...' -
https://keenlens.substack.com/p/the-bank-of-england-admitted-in-2014
'I see everyday #politicians repeat like parrots #economic propositions they don't even start to understand, defending a model that a central #bank admitted was wrong over twelve years ago. ... The #Greens propose actual structural change and get labelled "communist" by people who have never read a balance sheet or a #Lenin text. The heterodox approach #predicted #2008, predicted the #housing #crisis, and predicted the current private #debt trap. The orthodox models predicted none of it ...'
'The orthodox model was declared wrong by the Bank of #England in 2014. Their paper “#Money Creation in the Modern Economy” stated plainly: #banks do not lend out deposited #reserves in a multiplier chain. Banks create #deposits when they make #loans ...'
(NZ's Social Credit Party got a Court to agree five decades earlier.)
'The consequences are not theoretical or academic. When you worship the wrong model, you can’t do anything else than design the wrong #policy. You pretend not to see the #monopoly extracting over 6 billions from a #mortgage market they control 87% of. You don’t see that raising rates shift #income from #borrowers to banks and does not touch the supply of housing stock. You end up believing the #household metaphor is literal — that the Crown pockets are empty — when #NZ’s #Crown debt is 44% of #GDP...'
(The OECD average is about twice that.)
'... #Galileo was almost burned at stake for simply asking the #Inquisition #judges to look in the telescope. Same old, same old.'
'.....
'Gentlemen, it is clear cut #class #warfare, and the #vested interests are so encrusted in #society that they are winning. Remember that their main weakness is in numbers, they are damaging and literally #robbing the majority of us, of the New Zealand society and brainwashing many trees to think that voting for the axe is the #prudent, #family sensible thing to do. The only chance you have is when numbers talk. The #election is coming...' -
#apropos "#Borrowers are currently used as "shock absorbers" for Australia's financial system where variable-rate home loans dominate the market.The #ReserveBankAustralia acknowledged that the pain from their rate rise will be felt unevenly in the community."
oh really #rba ain't that the truth 😬 :blobsad:
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#Thai #government planning unit sounds alarm
"secretary-general of #NESDC noted tt some lending applications now allow #borrowers to pay in instalments for restaurant meals or even fuel. In reality, such expenses shld be paid in full, not in instalments, he said.. govt must step in & find ways to address tis.. #Survey #data also revealed.. Between 2022 & 2024, #permanent #parttime #positions grew fr 6% to 42%, while contractual/temporary part-time #jobs rose fr 4% to 28%"
https://www.bangkokpost.com/business/general/3092817/thai-govt-planning-unit-sounds-alarm-on-buy-now-pay-later-trend -
The increased consumer costs from the CFPB's rollback of #regulations on #BankFees, wholesale dismissal of cases against #banks & other #lenders & the failure to disburse funds for harmed #borrowers run counter to Trump's pledges to ease the cost of living, acc/to #Student Borrower Protection Center & #Consumer Federation of America.
Since #Trump took control of the #CFPB in Feb, calling for its elimination, admin ofcls have sought to reduce the workforce by about 90% & curtail its oversight.
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#StudentLoan Expert:
Here Are the 6 Things #Borrowers Should Do Now -
#US #fiscal state is everyone's issue
"US #debt now stands at $36tril, or 124% of GDP.. #America is no longer part of the elite group of ultra-safe #borrowers: countries like Germany, Switzerland & Singapore.. In 2024, #interest payments reached $881bil, making them one of the largest components of US #federalbudget, even surpassing #spending on #defence & #Medicare..🤦♂️ #Trump & congressional #Republicans cld unleash widespread #financial #instability"
🤔
Do the perps care?
https://www.bangkokpost.com/opinion/opinion/3036075/us-fiscal-state-is-everyones-issue -
Mortgage rates jump above 7% after Moody’s downgrade of U.S. credit
#us #homebuyer #mortgage #economic #uncertainty #labor #market #refinance #applications #borrowers #rates #usa #mortgage #lending #banking #bankers #lenders #residential #construction #builders #jobs #fanniemae #fannie #freddie #mortgages #families #economy #recession #moodys #credit #rating
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Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market
#us #homebuyer #mortgage #economic #uncertainty #labor #market #refinance #applications #borrowers #rates #usa #mortgage #lending #banking #bankers #lenders #buyers #homes #house #residential #construction #builders #jobs #unemployment #employment
#fanniemae #fannie #freddie #underwriting #mortgages #homeownership #families #economy #recession #stagflation #trumpflation #americans -
#StudentLoan #Borrowers Can't Apply for #IncomeDriven #Repayment Plans Right Now. Here's What Experts Say Is Next
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2/2
"It undermines #financialdiscipline.. Perhaps e most contentious issue is exclusion of borrowers who consistently met their repayment obligations. Tis #debt suspension #policy is for #delinquent #borrowers.. Responsible borrowers may feel overlooked & unfairly treated.. approach not only undermines #fairness but also weakens #publicconfidence in e system.. 🇹🇭government must pair these relief measures w #financialliteracy progs & structural #reforms tt address root causes of #overindebtedness" -
Debt bailout warning
"Paetongtarn #government announced a bold #policy to address #Thailand's mounting #householddebt #crisis.. audacious debt haircut can be risky & costly.. shifts part of financial burden to e #public, raising concerns abt its LT #fiscal implications.. biggest concern is #moralhazard. Being spared fr their own responsibilities, #borrowers might take on additional or #excessive #debt in future, in the hope the govmnt will help clear their debt again" 1/2
https://www.bangkokpost.com/opinion/opinion/2908085/debt-bailout-warning -
is “borrowercore” an aesthetic yet, and if not, can we make it one?
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2.4mil at-risk #borrowers a #bigconcern
"National #CreditBureau reveals there r 25mil indiv borrowers in #Thailand, ~38% of e population.. ave #debt per borrower is bht540k.. Retail borrowers #atrisk carry an ave debt of bht1.12mil each.. Most r younger indivs, aged 25-35, earning lower incomes & living in rural areas.. Per PIER research, if a #moratorium is offered w/o encouraging #financial #discipline, 60% r more likely to remain long-term borrowers & 45% may #default"
https://www.bangkokpost.com/business/general/2871422/2-4-million-at-risk-borrowers-a-big-concern -
Peter Schiff: Fed Is About to Make Major Policy Mistake That Will Crush US Dollar, Reignite Inflation - Economist and gold advocate Peter Schiff has issued a strong warning that the Fede... - https://news.bitcoin.com/peter-schiff-fed-is-about-to-make-major-policy-mistake-that-will-crush-us-dollar-reignite-inflation/ #quantitativeeasing #consumerprices #federalreserve #inflationsurge #interestrates #policymistake #tradedeficit #peterschiff #economics #borrowers #inflation #mortgage #dollar
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The #Biden admin will announce rules to block #MedicalDebt from being used to evaluate #borrowers’ fitness for #mortgages & other types of #loans.
…The WH has repeatedly focused on the issue of #medical #debt, saying it disproportionately harms low-income Americans & communities of color.
“This is going to be an enormous relief for so many people battling #bills when it comes to medical visits,” CPFB dir Rohit Chopra said….
#equity #economy #finance #BidenHarris2024
https://www.washingtonpost.com/health/2024/06/11/biden-cfpb-medical-debt/ -
#GOP-led #RedStates #sue in attempt to #block #Biden's #studentloan #repaymentplan.
"The #JoeBiden-#KamalaHarris #Administration won't stop #fighting to provide #support and #relief to #borrowers across the country — no matter how many times #Republican #electedofficials try to stop us."
#Women #Transgender #LGBTQ #LGBTQIA #Education #Conservatives #Extremism #Fascism #RepublicanParty #ThePartyOfHate
https://www.axios.com/2024/03/29/student-debt-cancel-lawsuit-republicans-biden-save
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thankfully it is one entire egg
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Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers
#CNBC #BidenDebtForgiveness #StudentDebtRelief #Borrowers #HigherEducation #FinancialAid #Politics #News
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#Biden announces some #studentloan #borrowers will have remaining #debt canceled next month
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In the UK the mortgage rate war
To borrowers brings fortune and more
Yet banks are dismayed
As profits start to fade
Their bottom line is now at the fore#ukmortgage #ratewar #bankprofits #borrowers #limerick #poetry
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I have found a couple of versions of this online.
Bridgnorth, Shropshire by Paul Sandby RA (1730 - 1809)
I think this is the better version. What strikes me is the scale of the people. #Borrowers -
Biden administration cancels $72 million in student debt for more than 2,300 borrowers
https://www.cnbc.com/2023/08/30/biden-administration-cancels-72-million-in-student-debt-.html
#CNBC #BidenAdministration #StudentDebt #DebtCancellation #Borrowers #HigherEducation #Politics #News
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…We’re taking on housing discrimination & increasing #Black homeownership. To date, we’ve invested >$7B in historically Black #colleges & #universities to prepare students for high-growth industries. We’ve approved >$116B in #StudentLoanDebtCancellation for 3.4M #Americans so that #borrowers receive the #relief they deserve. And a new #StudentDebt repayment plan is helping Black #students & #families cut in half their total lifetime payments per dollar borrowed.
