by Michael Snyder
The Economic Collapse Blog
If our economic numbers were going to improve substantially, now would be the time for it to happen. The COVID-19 pandemic seems to have hit a plateau for the moment, the civil unrest in our major cities has been reduced to a dull roar, and millions of Americans that originally lost their jobs have now gone back to work. If we are going to get some glimmers of hope for the economy, this is when we should see them, because the environment does not look promising once the summer ends. Unfortunately, the numbers that we keep getting just continue to directly contradict the narrative that any sort of a “recovery” is taking place. In fact, the Mortgage Bankers Association is reporting that the delinquency rate on residential mortgages shot up a whopping 386 basis points last quarter…