$46B in bad loans written off, yet auto sales soar. People can’t afford to buy a house but they’ll buy cars all day long.

Credit card companies wrote off $46B in seriously delinquent loan balances in just the first 9 months of 2024.

50% increase YoY
Highest in 14 years pic.twitter.com/IH3yW47xHq

— Darth Powell (@VladTheInflator) January 3, 2025

Linkhttps://t.co/wD6lnwO923

— QE Infinity (@StealthQE4) January 3, 2025

Auto loan delinquency rates are at their highest in more than a decade, per WSJ: pic.twitter.com/HzL9htP4Hp

— unusual_whales (@unusual_whales) January 3, 2025

FUCKED. https://t.co/WcFvxnlrIv

— Michael A. Gayed, CFA (@leadlagreport) January 4, 2025