Globalization's leaders are the biggest bunch of intellectually stunted dullards in human history without any comparison. They're all empty shirts and sociopathic posers. Donald Trump is the tip of the ice berg...
The article basically indicates that subprime borrowers are in better shape than "super prime" borrowers, because they are less leveraged:
"There is an assumption that those with better incomes and good credit ratings are in good financial shape...That's not the case at all. They're biting off more than they can chew."
Fed Funds rate with U.S. home prices (red):
New home sales (red) with U.S. population (blue):
"Then we borrowed our way out of a debt crisis by following the same sociopaths who created the last one"