The income assumptions underlying $13 trillion in residential mortgages are structurally impaired by the white-collar employment crisis.
Source
THE 2028 GLOBAL INTELLIGENCE CRISISOriginal Quote
What's clear is that the income assumptions underlying $13 trillion in residential mortgages are structurally impaired.
Outlook
PessimisticStructural impairment of the income base for $13 trillion in mortgages represents a systemic threat to financial stability and household wealth.
Stated as a current condition in the June 2028 scenario, anchoring it to 2028.
'What's clear' signals high confidence from the authors on this specific point within the scenario.
Potential Data Sources for Validation
Mortgage delinquency data by borrower income and occupation category from Fannie Mae/Freddie Mac; HELOC draw data; debt-to-income ratio changes in prime mortgage cohorts.
About the Author
Citrini is the pseudonymous founder of Citrinitas Capital Management Inc. and the author of Citrini Research, a top finance Substack specializing in thematic equity investing and global macro trading, known for early calls on AI and GLP-1 investments.
Across 17 tracked claims, James van Geelen skews pessimistic.