If student loan forbearance comes to a screeching halt, we haven’t seen nothing yet.

by
Sharing is Caring!

Many of us have been wondering though if the economy has been propped up by credit card spending, and it seems we are getting the answer on that now.

See also  US leverage loan defaults surge, fastest pace since 2020 crisis. 10 year bond yield surges over 4.6%

Same thing happened in 06 credit card delinquencies spiked while mortgage delinquency/foreclosures were relatively low..

See also  BYD sells record 500k EVs in December. Report comes a day after Tesla missed EV sales for the first time in a decade.

https://fred.stlouisfed.org/seriesBeta/DRSFRMACBS

https://fred.stlouisfed.org/seriesBeta/DRCCLACBS

Bond Default Rates Surpass 2008 Crisis Levels

 

h/t GoldFerret6796


157 views