Young people gotta start paying student loans again later this year … — The North Farce (@MuzzMuzzington) February 9, 2023 Consumer spending has slowed down 🔥 Everything is fine 🔥 pic.twitter.com/2aLs1aInHj — Wall Street Mav (@WallStreetMav) February 9, 2023
2/Put aside the tech layoffs for now. I'm just talking about housing alone. Just the housing sector, in the absence of all other sectors, is enough to send unemployment notably higher.https://t.co/S8wTLH99N2 — Jeff Weniger (@JeffWeniger) November 9, 2022 4/It’s not …
Also, why did Bernanke believe QE couldn’t commence without first getting to 0 in fed funds? @dampedspring — S. Boz (@marketrundown) October 25, 2022 https://twitter.com/WallStreetSilv/status/1584639330773274624 When US housing starts become housing stops… As we head toward an all but inevitable …
by Dave Kranzler of Investment Research Dynamics The following analysis was featured in the September 25th issue of the Short Seller’s Journal. You can learn more about this newsletter here: Short Sellers Journal information. A survey was done by CreditCards.com in which 60% of …
by BoatSurfer600 Higher prices, skimpier portions and apps — how fast-food chains are changing value deals New car inflation is massively outpacing your pitiful wage increases.
by masterjedi78 2007 flashbacks: ‘More Subprime Borrowers Are Missing Loan Payments’ – WSJ Delinquencies on subprime car loans & leases hit an ALL TIME high in February https://t.co/NKEPMb6B7g — Spencer Jakab (@Spencerjakab) May 19, 2022 Philly Fed just imploded. Here …
Panic sets in when delinquencies rise too high. Just like in 2007 with subprime, it doesn’t take an extremely high percentage either. Just enough to break the derivatives. Look at how many people simply look at the percentage (which is …
by Dennis Miller Former Fed Chairs, Janet Yellen and Ben Bernanke took great credit for steering the world recovery from the great recession. When something good happens, it’s a result of their masterful strategic planning. Why are they totally surprised when …
via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record …
by Jesse Colombo U.S. student-loan delinquencies surged in 2018, hitting a record $166.4 billion in the fourth quarter. Bloomberg reports – Delinquencies continued to climb even as the unemployment rate fell below 4 percent, suggesting the strong U.S. job market hasn’t generated …
by Jesse Colombo My concerns about the U.S. automobile bubble are being confirmed. As Bloomberg reports: More Americans than ever are at least three months behind on their auto loans, a sign that the U.S. economy may have little growth left …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “A development that is surprising during a strong economy and labor market”: New York Fed Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan …
via MarketWatch: With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and buried. The enormous delinquency problem in the New York City …
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size …
From Business Insider: The economy is robust, unemployment is sitting at 3.7%, its lowest mark in nearly half a century, and interest rates, though moving upward, are still relatively low. So why are credit-card delinquencies, application rejections, and involuntary account closures all on …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US …
via calculatedriskblog: From the NY Fed: Total Household Debt Rises for 17th Straight Quarter The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased …
via Mike Mish Shedlock If you think the economy is improving, you better check your facts and some disturbing trends. Despite the much ballyhooed “strong jobs” economy, things are not what they seem upon closer inspection. For example, Store-Branded Credit Card Delinquencies …
by Umar Farooq A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is revealing the weaker links in the U.S. real estate market. “There are a lot more problem loans out there than …
