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Delinquency rates on credit card loans and auto loans have surged to the highest levels in over a decade, with housing defaults also reaching a decade high. The overall charge-off rate has increased significantly, indicating a concerning trend in loan repayment.
"The overall charge-off rate has been steadily climbing from its post-pandemic record low of 19 bp two years ago to 60 bp in Q4 – the most in over ten years." @NDR_Research https://t.co/EQvQilPk9R
ALERT: Housing defaults are now at the highest levels in a decade This won’t end well https://t.co/YfVeY2vDIE
Yes, the 29 defaults to start 2024 are the highest we have seen YTD since 2020 (and will continue to rise), and consumer delinquencies are also rising, but you also cannot ignore the improvement in profitability in the biggest companies in America! Macro tourists have myopically…
