‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.
Published . Updated .
A reader writes: “We’d better get real quick or we’re going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.”
Directly affected
- PPLI People
Named in this report.
Indirectly affected
- JPM JPMorgan Chase
Bank profits move with lending and interest rates
- BAC Bank of America
Bank profits move with lending and interest rates
- WFC Wells Fargo
Bank profits move with lending and interest rates
- C Citigroup
Bank profits move with lending and interest rates
- GS Goldman Sachs
Bank profits move with lending and interest rates
- MS Morgan Stanley
Bank profits move with lending and interest rates
- XLF Financial Select Sector SPDR
A fund of financial companies
- KBE SPDR S&P Bank
A fund of bank stocks
- KRE SPDR S&P Regional Banking
Regional banks are sensitive to deposits and rates
- HYG ISHARES TR
Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing.
Price reaction, T-5 to T+3
“We’d better get real quick or we’re going to have a financial crisis that makes the Great Recession of 2008 look like a picnic.”
Source: MarketWatch
Price since this story was published: Ishares Tr (HYG)
Since the first closing price after “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Ishares Tr (HYG) is -0.60%. The S&P 500 fund (SPY) is -1.60% over the same days, a +1.01% difference versus the market.
Who gains and who loses around Ishares Tr (HYG)
Companies carried with this story
- HYG Ishares Tr
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Ishares Tr (HYG) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- IWM Ishares Tr
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- XLY Select Sector Spdr Tr
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- QQQ Invesco Qqq Trust, Series 1
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- IEI Ishares Tr
Ishares Tr (IEI) is linked, with no stored direction, medium confidence in the 5 Oct 2026 story “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble..” Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- XLRE Select Sector Spdr Tr
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- REM Ishares Tr
Ishares Tr (REM) is linked, with no stored direction, medium confidence in the 5 Oct 2026 story “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble..” Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
- KBWB Invesco Exchange Traded Fund Tr Ii Kbw
In “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.,” Invesco Exchange Traded Fund Tr Ii Kbw (KBWB) is linked, with no stored direction, medium confidence. Reason on file: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
Ishares Tr (HYG)
The 5 Oct 2026 story “‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.” names Ishares Tr (HYG) because of this story.
For Ishares Tr (HYG), the reason on file says Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
A second company, Ishares Tr (IWM), is listed for a different reason: Weakening demand and tighter credit can transmit into high-yield credit, small caps, discretionary spending, growth equities, real estate, banks, and Treasury pricing
Price levels for Ishares Tr (HYG)
HYG traded between 76.40 and 78.75 across 20 sessions. The latest close on file is 76.82. IWM traded between 269.88 and 288.91 across 20 sessions. The latest close on file is 271.30. XLY traded between 110.56 and 114.69 across 12 sessions. The latest close on file is 114.45.
A simple score for Ishares Tr (HYG)
46 out of 100
“‘People in the U.S. need to wake up’: As a mortgage loan officer, I rejected wealthy couples due to overspending. We’re all heading for trouble.” scores 46 out of 100. The score uses 1 sources, and 15 linked companies.