alt Hacker NewsWages and energy have not increased. Tariffs on food are basically non existent for most items.
It's 100% purely supply side pricing, propped up by government spending and credit (which is largely backstopped by the government as well).
I listened to a podcast recently that some 'homeowners' have not made a mortgage payment in years, have no ability to pay, but here are essentially unlimited 'no doc' mortgage modifications available since the Corona time period.
> listened to a podcast recently that some 'homeowners' have not made a mortgage payment in years, have no ability to pay,
How? Somebody is holding the bag here on the mortgage - a bank, probably. And they are fine with not receiving payments? Or is somebody else making payments on the homeowner's behalf?