I agree, we should not be building. It’s huge gamble.

Especially, now that it looks like we depleted demand again. Also:

– delinquencies rose again to 14%(shadow increase)
– sales slump
– strategic default increase(principle reductions right on time to nip this in the bud)

I think we are in the “drink to function” stage of a multi-decade bender on our last bottle before detox.