They will call the recession when they just stop eating entirely
— Strawberry Cow (@scow_invest) May 21, 2024
BREAKING: US credit card serious delinquency rates for most age groups have spiked to the highest level in 13 years.
In Q1 2024, delinquencies of 90+ days rose above 9% for ages 18-29 and 30-39, levels comparable with the 2008 Financial Crisis.
Even 40+ age groups who are… pic.twitter.com/OifQuD2Ovu
— The Kobeissi Letter (@KobeissiLetter) May 20, 2024
In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups, per the NY Fed.
— unusual_whales (@unusual_whales) May 21, 2024
Manhattan apartment rents rose last month to a new high for April.
New leases were signed at a median of $4,250, up $9 from last April, per Bloomberg.
— unusual_whales (@unusual_whales) May 21, 2024
The 10 year yield rose again for the third day in a row essentially taking yields back to where they were before the “supposedly” cool CPI report was released last week.
The bond market is basically telling you don’t expect rate cuts anytime soon. pic.twitter.com/otPJgD8ORQ
— QE Infinity (@StealthQE4) May 21, 2024