Consumer loan default rate hits highest level since 2012 as excess savings deplete.
IMO- Retail sales NUMBERS have held up due to total dollars, but that means buying less physical goods. NOW, cumulative inflation has pushed people into getting even less and adding more on their cards just to survive? — Scott Sheller (@ScottSheller) July 5, 2024 CAUTION: Housing defaults have just skyrocketed This is unlike anything we’ve …