A perfect storm is brewing, credit-dependent economy nearing an inevitable screeching halt.
1. CRE: Latest data reveals weak loan growth and higher loan delinquencies. Auto loan: Prime and subprime auto loan delinquencies are spiking. Student loan: Biden administration's order of one-year moratorium- student loan not reported to credit reports ends next month. — Unicus (@UnicusResearch) September 9, 2024 3. Problems remain concentrated …