Except that it’s currently at 3.5%. The last time it was that high was 2012… and every quarter since at least the 2000s. We had record lows of delinquency during the pandemic as people paid cards down heavily with their government stimulus. While that was a wealth transfer, this isn’t any kind of an indicator more than it’s one from Forbes trying to spook average Americans so they can buy up more property when it collapses again.
Link
This is what we call a ‘leading indicator’.
Hopefully it ends with explosions.
Someone in the upper class musta bought a “how to revolution” kit and is poking the populace to see if it works.
I can appreciate that kind of science.
Raise the price on everything! Line go up! (But sir, she cannae take any more!) LINE! GO! UP!
Except that it’s currently at 3.5%. The last time it was that high was 2012… and every quarter since at least the 2000s. We had record lows of delinquency during the pandemic as people paid cards down heavily with their government stimulus. While that was a wealth transfer, this isn’t any kind of an indicator more than it’s one from Forbes trying to spook average Americans so they can buy up more property when it collapses again. Link