Severe auto loan delinquency highest since 2006

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Severe delinquency for auto loans is highest since at least 2006. Yet, the jobs market is strong.

So basically, no one has any idea what's going on.

[via Wall Street Journal] pic.twitter.com/i0SvkjCrvB

— CarDealershipGuy (@GuyDealership) August 21, 2023

See also China's retail sales miss expectations. The yuan is fixed below 7.20, and 10-year yields drop to 1.75%, marking the steepest drop since September 2008.

See also US job cuts hit 722,566 YTD, highest since 2009 excluding 2020.