The hottest Debt Substack posts right now

And their main takeaways
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Top U.S. Politics Topics

Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

CalculatedRisk Newsletter • 57 implied HN points • 13 Feb 25
💰 Finance Debt
  1. Mortgage originations are showing different credit scores now compared to the bubble years from 2003 to 2006. This means people with lower credit scores are getting mortgages now.
  2. Delinquencies on mortgages are increasing, which means more people are having trouble making their payments on time.
  3. Foreclosures are still low, which is good news as it suggests that despite the rising delinquencies, people are not losing their homes at a high rate.

The "Home ATM" Mostly Closed in Q1

CalculatedRisk Newsletter • 28 implied HN points • 12 Jun 25
💰 Finance Debt
  1. In the past, many homeowners borrowed against their home equity, calling it a 'Home ATM', but this led to financial problems when home prices fell. Today, most homeowners have solid equity in their homes, unlike back then.
  2. Mortgage debt increased by $45 billion in the first quarter of 2025, showing a slowdown compared to previous quarters. This is part of a larger trend of rising mortgage debt as people buy new homes.
  3. Mortgage debt as a percentage of the economy is at 44.8%, which is much healthier compared to the 73.1% peak during the housing crisis. This means homeowners today generally have more equity and better financial stability.

Things nobody taught me about money

Basta’s Notes • 245 implied HN points • 02 Jun 23
💰 Finance Debt
  1. Financial literacy is crucial, but not prioritized - learn about managing your money.
  2. Understand how to use credit cards wisely: treat them like debit cards and read the terms for benefits.
  3. Be strategic with debt - consider investments to outweigh potential interest costs.

Next Domino: Aozora Bank

Global Community Weekly (GloCom) • 19 implied HN points • 01 Feb 24
💰 Finance Debt
  1. Banks are not disclosing information about bad US real estate loans to customers and shareholders.
  2. US debt collapse may affect countries like Japan, Canada, and UK.
  3. CIA conducting an economics experiment in Argentina to prepare for a US economic collapse.
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💥New Chapter 11 Bankruptcy Filing - GOL Linhas Aéreas Inteligentes S.A.💥

PETITION • 19 implied HN points • 01 Feb 24
💰 Finance Debt
  1. GOL Linhas Aéreas Inteligentes S.A. filed for chapter 11 bankruptcy with a $950 million DIP commitment.
  2. The airline's growth played a significant role in Brazil's air travel expansion but faced challenges with its fleet, especially with Boeing 737 models.
  3. To address financial struggles, GOL made efforts to secure liquidity, negotiate leases, and handle outstanding obligations.

💥New Chapter 11 Bankruptcy Filing - Audacy Inc.💥

PETITION • 19 implied HN points • 14 Jan 24
💰 Finance Debt
  1. Audacy Inc. and its subsidiary affiliates filed for Chapter 11 bankruptcy in January 2024.
  2. The debtors reached an agreement with lenders on a deleveraging transaction to reduce debt from $1.9b to $350mm.
  3. The first lien claims will get 75% of post-reorg equity, while second lien claims will get 15%.

Mara deleverages

Miner Weekly • 59 implied HN points • 07 Jan 23
💰 Finance Debt
  1. Marathon Digital adhered to its hodl strategy despite market turbulence in 2022, closing with 12,232 BTC and increased liquidity.
  2. Mara reduced revolving credit and paid off debts in December with capital injection, facing volatile stock prices.
  3. 36% of Mara's bitcoin holdings were restricted as of Dec. 31, secured against loans, with a safety net against a decrease in Bitcoin value.

Sunday Strip: The Platypus Conspiracy -

Who is Robert Malone • 37 implied HN points • 16 Feb 25
🇺🇸 U.S. Politics Debt
  1. Whistleblowers play an important role in exposing wrongdoings. John Kiriakou, a former CIA officer, believes it's crucial not to stay silent.
  2. The U.S. government is facing a significant debt crisis. Many think that if spending isn't controlled, it could lead to serious consequences for the country.
  3. The platypus is a unique animal that mixes features from different species. It's a fun reminder of how diverse nature can be.

NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

CalculatedRisk Newsletter • 43 implied HN points • 13 Nov 24
💰 Finance Debt
  1. Mortgage originations are showing different trends based on credit scores compared to the years before the housing bubble. This means people's borrowing habits and qualifications might have changed significantly.
  2. Delinquencies on mortgages are increasing, which suggests that more people might be having trouble making their payments lately.
  3. Foreclosures are still low, meaning that even though some people are struggling to pay, many still manage to keep their homes and avoid losing them.

Why is Debt-to-Income high?

Erdmann Housing Tracker • 84 implied HN points • 09 Mar 24
💰 Finance Debt
  1. The debt-to-income (DTI) ratio for households has generally declined since 2007, focusing more on new mortgage borrowers than all families.
  2. Debt payments have increased for older families since lending standards tightened in 2008, delaying when families take on mortgage debt.
  3. Higher rent inflation due to a lack of construction has pushed up mortgage costs in the early years, contributing to high DTIs.

Biden’s Economic Time Bomb: A Warning to Trump

QTR’s Fringe Finance • 38 implied HN points • 15 Nov 24
🇺🇸 U.S. Politics Debt
  1. Biden's spending policies are causing high inflation and soaring public debt. This is leading to economic instability and a potential recession.
  2. Job growth is largely coming from government positions, while the private sector struggles to grow. This could harm the overall economy in the long run.
  3. Cutting government spending may hurt the economy temporarily, but supporting the private sector and reducing inflation could lead to a more stable future for American citizens.

Congressman: Republicans Would Not Have Standing to Sue If Biden Uses 14th Amendment

The Washington Current • 19 implied HN points • 24 May 23
🇺🇸 U.S. Politics Debt
  1. Republicans may not be able to legally challenge if President Biden invokes the 14th Amendment to ensure the government pays its bills and avoids economic calamity.
  2. Section 4 of the 14th Amendment guarantees that the U.S. government's debts will be paid.
  3. Rep. Jamie Raskin believes that using the 14th Amendment doesn't invite legal challenges, and Republicans would struggle to prove injury if they sued.

Both a borrower and a lender being?

The Jolly Contrarian • 19 implied HN points • 17 Jun 23
💰 Finance Debt
  1. Debt securities involve complex processes with multiple bureaucratic steps before they are issued in the market.
  2. If an issuer holds their own promissory note, the debt might be considered non-existent due to the concept of merger.
  3. Bearer instruments lack a history, leading to unique challenges in determining debt continuity and the involvement of clearing systems adds layers of complexity to debt transactions.

America's Banking Crisis Runs Deep

Deep Dive Tangents and Rationalizations • 19 implied HN points • 04 May 23
💰 Finance Debt
  1. Regional banks are facing a crisis due to loans made on real estate that is decreasing in value.
  2. Commercial real estate debt poses a major risk as vacancy rates rise and property values fall.
  3. Government-backed long-dated debt has become unmarketable, impacting regional banks and creating a two-tier banking system.

The Tale of Two Chinas

The Last Bear Standing • 60 implied HN points • 26 Jan 24
💰 Finance Debt
  1. China's economic growth was heavily reliant on property development and infrastructure, funded by the massive expansion of credit.
  2. The shift in Chinese government policy towards reforming the property sector and debt markets led to a significant impact on the economy.
  3. The Chinese financial system faced the risk of a crisis due to the extensive exposure to property debt and potential credit losses.

The Economic Fallout of Student Loan Forbearance Ending

Apricitas Economics • 50 implied HN points • 04 Dec 23
💰 Finance Debt
  1. Restarting student loan payments has led to higher delinquencies and lower consumer spending, despite some relief measures being in place.
  2. The end of student loan forbearance has caused a noticeable but modest impact on the economy as households resume making payments.
  3. Policy changes and billions in student debt forgiveness have eased the burden on borrowers, resulting in a decrease in total outstanding student loan debt.

The "Home ATM" Closed in Q4

CalculatedRisk Newsletter • 38 implied HN points • 07 Mar 24
💰 Finance Debt
  1. During the housing bubble, many homeowners used their perceived home equity as a 'Home ATM,' contributing to the subsequent housing bust when prices declined.
  2. Refinancing activity declined in early 2022 as mortgage rates rose, leading to a shift where homeowners started using home equity loans to access their equity.
  3. Despite a decline in demand for HELOCs and a decrease in refinancing activity, Mortgage Equity Withdrawal (MEW) remained low throughout Q4 2023, indicating balanced equity borrowing and principal payments.

The Economic Impact of the Student Loan Restart

Apricitas Economics • 41 implied HN points • 18 Jul 23
💰 Finance Debt
  1. Student loan payments are restarting in the US, impacting millions of Americans and the economy.
  2. The restart of student loan payments will affect household finances and consumer spending.
  3. There are changes to student loan repayment plans, potentially reducing monthly payments for many borrowers.

$1 Trillion Per 100 Days: Is This the Year the Debt Bubble Explodes?

QTR’s Fringe Finance • 24 implied HN points • 11 Mar 24
💰 Finance Debt
  1. The national debt is growing at an alarming rate, projected to reach $54 trillion within 10 years, with interest payments set to exceed defense spending.
  2. The Federal Reserve's monetary policy is criticized for contributing to unsustainable debt, with 2020 alone seeing over $3 trillion in printing.
  3. Government spending continues to mask weaknesses in the US economy, with debt growth outpacing GDP growth for multiple quarters, driven by reckless deficit spending.

America Can't Afford Bidenomics

QTR’s Fringe Finance • 25 implied HN points • 21 Feb 24
🇺🇸 U.S. Politics Debt
  1. Many Americans are not optimistic about the economy under Bidenomics, with challenges such as declining real wages and increasing part-time employment
  2. Bidenomics relies on Keynesian policies involving significant deficit spending, contributing to a ballooning national debt and potentially harmful economic impacts
  3. There's a call for a fiscal rule to limit government spending based on population growth and inflation, along with reducing the Fed's balance sheet to promote a more sustainable fiscal and monetary direction

Is Eurozone debt sustainable?

Klement on Investing • 2 implied HN points • 07 Aug 25
💰 Finance Debt
  1. Eurozone countries have improved their debt situation since the last crisis, with many nations now reducing their deficits. This change indicates that they are handling their finances better.
  2. Germany is increasing its spending but can manage it, while France's high deficits look concerning. In contrast, the US is facing larger deficits and has become less fiscally responsible over time.
  3. The fiscal rules in the Eurozone help keep debt under control, and countries with higher debts tend to correct their spending more effectively after increasing their deficits.

Longer, then faster

Klement on Investing • 3 implied HN points • 10 Jun 25
💰 Finance Debt
  1. The proposed One Big Beautiful Bill Act could increase the US deficit by $2.4 trillion over the next ten years. This could lead to higher interest rates on government bonds, which makes borrowing more expensive.
  2. With rising debt, long-term Treasury yields are likely to go up significantly. As the debt burden increases, investors in the bond market might react quickly, which can lead to sharp changes in interest rates.
  3. The impact of increasing debt might not be felt right away, but it can snowball quickly. It's important to keep an eye on these trends because economic changes can happen faster than expected.

Will gold pave the yellow BRICS road?

The Informationist • 4 HN points • 09 Jul 23
💰 Finance Debt
  1. BRICS nations are considering introducing a gold-backed currency to reduce dependency on the US dollar.
  2. The US has deviated from the gold standard, leading to concerns about debt levels and potential economic implications.
  3. For the gold-backed currency to work, BRICS nations would need to establish trust and a system that ensures the currency is fully redeemable for gold, potentially impacting the global financial landscape.

Nyhetsbrev steigan.no 10.02.2025

steigan.no • 4 implied HN points • 10 Feb 25
🇺🇸 U.S. Politics Debt
  1. The real US national debt might be over $158 trillion, far more than the official $36 trillion. This puts huge pressure on programs like Social Security and Medicare, warning that they could run out of funds in the near future.
  2. High and unpredictable electricity prices in Norway are partly due to Europe's move away from Russian gas, not just new power cables. This shift has serious implications for energy prices and policies.
  3. Many current European political debates could be better understood through psychology, as leaders seem to avoid confronting failures directly, instead focusing on less relevant issues.

US debt is risky: A rant about evidence-based investing

Klement on Investing • 5 implied HN points • 13 Nov 24
💰 Finance Debt
  1. US Treasuries aren't actually risk-free. When the government borrows more without a plan to pay it back, the risk of default increases, which can lower bond prices.
  2. Many finance experts think the US is overspending, yet they still believe that investors will keep buying US debt without questioning it. This is a strange contradiction.
  3. It's important to ask for real proof when investing advice is given. Effective investing should be backed up with solid data, not just opinions or conventional wisdom.

The Leveraged Sellout

Malt Liquidity • 12 implied HN points • 10 May 23
💰 Finance Debt
  1. The financial system is composed of equity, currency, and debt, with debt providing liquidity to trust.
  2. Interest rates compensate for the risk on loaned capital, and every lending act inherently contains some risk.
  3. Deposit banking and investment banking serve different clients, with depositors being stakeholders in their bank's success.

Against Cassandras: The government debt ‘bomb’

Klement on Investing • 5 implied HN points • 12 Jul 23
💰 Finance Debt
  1. Having high levels of government debt doesn't always lead to default or ruin.
  2. Countries like Japan have managed high debt levels for decades without catastrophic consequences.
  3. Central banks can intervene to keep debt costs low, and factors like demographics and reserve currency status can help sustain government debt.

the ponzi bomb under the city walls

bad cattitude • 3 HN points • 28 Feb 24
🇺🇸 U.S. Politics Debt
  1. Many major US cities are facing financial difficulties, with a large portion struggling to pay their bills due to high debt and low assets.
  2. As cities begin to fail, people, especially the wealthy, are leaving, causing revenue holes and an imbalance in city finances.
  3. The issue is exacerbated by unsustainable pension and retirement health plans that rely on questionable accounting practices and unrealistic assumptions.

Investing Update: Takeaways From January

Spilled Coffee • 0 implied HN points • 03 Feb 24
💰 Finance Debt
  1. The stock market hit new all-time highs in January, nearing the 5,000 milestone level.
  2. Positive January performance historically signals a strong remaining year, with significant average gains in the S&P 500.
  3. Investor sentiment is bullish, with a large spread between positive and negative sentiment.

Contracts Under Coercion

Waiting Room • 0 implied HN points • 06 Apr 23
🏥 Health & Wellness Debt
  1. Debt in medical education can lead to modern forms of coercion and impact physicians' well-being.
  2. Physicians face challenges in navigating complex employment contracts and should review them holistically.
  3. Unionization, financial empowerment, and tuition-free models are potential solutions to address physician debt and empower medical professionals.

US Debt Hits $31 Trillion as Inflation Surges to 40-Year High: What Does This Mean for American Businesses and Households?

The Tweetsift Report • 0 implied HN points • 10 Mar 23
🇺🇸 U.S. Politics Debt
  1. The US debt has reached $31 trillion, hitting small businesses hard.
  2. Inflation has surged to a 40-year high of 9.1%, posing a significant challenge for many Americans.
  3. Efforts are being made to improve tax compliance by raising IRS funding, potentially leading to higher taxes for some individuals and businesses.