Q2 delinquency rates are up across the board, according to the latest Federal Reserve data.

Commercial real estate delinquencies (7.91%) are rising rapidly, and are at the highest rate since the early 1990’s. Residential real estate (8.84%) and consumer credit card (6.7%) delinquencies are at the highest levels since the Fed started tracking the data back in 1991.

Put simply, there is no indication of recovery from this data, at all. Banks aren’t pumping out money, and Bernanke is doing nothing to work around the “bankers’ strike”.

All indications continue to suggest that the second dip in this downturn is going to be very severe.

http://www.economicpolicyjournal.com/uploaded_images/DelinquencyRatesQ22009-772195.jpg

But it’s just fear mongering, and Doom doom doom…not reality just doom.

Even the blind can see whats coming.

Related Posts:

• Consumer sentiment/spendings up? But consumers aren’t paying off their credit card debt.
• QUESTIONS THE SENATE NEEDS TO BE ASKING BERNANKE:
• Investing advices from Bernanke for 2005 & 2008:
• The Consumer Price Index has increased 2.35 % since January 2009.
• Is Du Bai that story that is supposed to go away quickly?

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