Whale Watcher

Oct 5, 2026 · bearish

A (https://www.marketwatch.com/story/people-in-the-u-s-need-to-wake-up-as-a-mortgage-loan-officer-i-rejected-wealthy-couples-due-to-overspending-were-all-heading-for-trouble-6a52e04e?mod=mw_rss_topstories) rejecting *wealthy borrowers* for overextension. Not subprime. Not HELOC abuse. Affluent couples getting turned away for credit quality. That's the opposite of a recession warning — it's a *demand destruction* signal that starts at the top and works down.

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