by Logical_Ninja
Signs the US consumer is struggling more:
1) Outstanding credit card debt is at a record high of $1.03 trillion
2) The avg APR on that debt is at a record high of 21%
3) Credit card delinquencies hit a record high of 7.2% at small banks in Q1
The lag effect is real… pic.twitter.com/hidrTyFKw2
— Adam Taggart (@adamtaggart) August 20, 2023
OUCH! Debt is becoming more and more expensive: US 10y REAL yield briefly exceeds 2%, highest since 2009. pic.twitter.com/x90f2S4hOj
— Holger Zschaepitz (@Schuldensuehner) August 21, 2023
Cox Automotive stopped reporting delinquency rates.
Oh, I know why pic.twitter.com/Pm7GnUP6Tg
— Darth Powell (@VladTheInflator) August 22, 2023
https://twitter.com/leadlagreport/status/1693803309079908820
This is a @federalreserve crime.
"Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High"https://t.co/EzSOoIVW0f pic.twitter.com/BJDDpZilpy
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) August 18, 2023
BREAKING: S&P downgrades multiple U.S. banks citing "tough" operating conditions
KeyCorp, Comerica, Valley National, UMB and Associated Bank
— Financelot (@FinanceLancelot) August 22, 2023
"China's Looming $138 Billion Shadow Banking Collapse Sparks Global Market Panic Amid Economic Turmoil." 👇🏽https://t.co/cREx6AgEBY
— Shazi (@ShaziGoalie) August 20, 2023
I think before years end.