Independent thinking for complex markets and current events
by Mike Shedlock This is no longer a highly unlikely scenario after Trump threatens another 50 Percent Tariff on China. The lead image is from Chad P. Bown, Senior Fellow at PIIE. Trump’s Social Media Threat “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the …
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 …
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 in offices where vacancy rates …