Great chart from PPG Macro showing delinquency issues beyond the large lenders.
It seems that small lenders are increasingly exposed to overly risky loans.
Commercial real estate loans are yet another example.
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— The Kobeissi Letter (@KobeissiLetter) August 2, 2023
Throughout ‘23 US default risk has been definitely higher than its peers pic.twitter.com/aD38hLSrrT
— Menthor Q (@MenthorQpro) August 2, 2023