Man the fundamentals of the US economy were in very poor shape before COVID19 and things are just getting worse.

Even before the coronavirus pandemic, the U.S. was experiencing what housing experts and advocates deemed an eviction crisis. More than 2 million people face eviction each year, far more than the number of people who faced foreclosure at the height of the 2008 mortgage crisis.

Source: CNBC

Mortgage backed securities are going to get hit hard again, if people can’t afford rent, landlords can’t afford their mortgages, investors who invested in the securities have worthless investments, all over again…  I hope the people of the US recognize that any economic downturn that comes is not due to COVID19 but rather due to systemic issues with the economy and the worst part is…  The US will take the rest of the world down with it again.