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the reason wallstreet is poshing this as positive news is because investors react positively to the idea of pandemic recovery. most commenters have already pro

the reason wallstreet is poshing this as positive news is because investors react positively to the idea of pandemic recovery. most commenters have already proven this false. even if the 5% were true, it doesnt erase the billions in back-rent debt most americans are saddled with due to the eviction moratoriums. recovery IMO is still 2-5 years out. The reason you should be seriously concerned about this inflation is because the fed never backed off quantitative easing from 2008, and in doing so has created a corporate credit bubble. To combat inflation in 2021, all they can do is hand-wave and insist this is "transient" inflation. nudging interest rates would cause a corporate debt crash. https://en.wikipedia.org/wiki/Corporate_debt_bubble https://en.wikipedia.org/wiki/Corporate_debt_bubble

TechBro8615 5y ago
> doesnt erase the billions in back-rent debt most americans are saddled with due to the eviction moratoriums “Most” Americans? Surely it’s not even close to 50%. Source?
- adventured 5y ago
  The parent is sensationalizing, to put it mildly, when they say "most." The figure is closer to 3%-5% of US households that are severely upside down on rent payments. The total sum estimates range widely from around $10 billion to $50 billion. Nobody seems to have a great handle on the figure, landlords don't report this information cleanly to a single source such that we can put it all together easily. You'll see Bloomberg, Reuters, housing organizations, et al. reporting (speculating) in that $10b to $50b range across the past 6-8 months of time (they largely forward speculate based on when the financial hammer has been expected to fall, or begin falling). There are around 123 million households in the US. 3% of that figure is 3.7 million households. That's $9,459 per household in that group in back rent if the sum is $35 billion. That's in the right universe in terms of making sense.

TechBro8615 5y ago

> doesnt erase the billions in back-rent debt most americans are saddled with due to the eviction moratoriums “Most” Americans? Surely it’s not even close to 50%. Source?

adventured 5y ago
The parent is sensationalizing, to put it mildly, when they say "most." The figure is closer to 3%-5% of US households that are severely upside down on rent payments. The total sum estimates range widely from around $10 billion to $50 billion. Nobody seems to have a great handle on the figure, landlords don't report this information cleanly to a single source such that we can put it all together easily. You'll see Bloomberg, Reuters, housing organizations, et al. reporting (speculating) in that $10b to $50b range across the past 6-8 months of time (they largely forward speculate based on when the financial hammer has been expected to fall, or begin falling). There are around 123 million households in the US. 3% of that figure is 3.7 million households. That's $9,459 per household in that group in back rent if the sum is $35 billion. That's in the right universe in terms of making sense.