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

by

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.

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

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

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

Bond Default Rates Surpass 2008 Crisis Levels

 

h/t GoldFerret6796

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.