Economic vulnerabilities, from record evictions to rising delinquencies, signal a looming recessionary threat in 2024.

As signs of economic strain intensify in the U.S., it’s not just numbers; it’s people struggling. Evictions soar, credit cards buckle, and mortgage troubles rise, painting a stark portrait of financial hardship. Meanwhile, behind the scenes, complex financial maneuvers, like synthetic risk transfers, echo the ghost of the 2008 crisis. Economist David Rosenberg’s model warns of an 85% chance of recession in 2024. It’s not merely statistics; it’s a growing struggle that resonates with households across the nation.

Sources:

-Evictions hitting highest levels in history in many states
-Credit card delinquencies are at highest level since 2012
-FHA mortgage delinquencies are at the highest level since 2013
-Auto loan delinquencies are at 2010 level

But you're totally going to find a neurosurgeon to…

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