3 ms·
Delinquent debt is at the same levels will into the GFC starting in 2008. More like they are maxing out their debt and then ignoring the calls to repay them and
by downrightmike 2y ago
Delinquent debt is at the same levels will into the GFC starting in 2008. More like they are maxing out their debt and then ignoring the calls to repay them and the financial institutions are just delaying collection hoping this all blows over.
- nradov 2y agoMortgage delinquency rates are near record lows so what's your point? https://fred.stlouisfed.org/series/DRSFRMACBS https://fred.stlouisfed.org/series/DRSFRMACBS
- downrightmike 2y agoDelinquency Rate on Consumer Loans, All Commercial Banks (DRCLACBS) https://fred.stlouisfed.org/series/DRCLACBS https://fred.stlouisfed.org/series/DRCLACBS Taking off like a rocket, people are strapped for cash and have been burning all their credit to survive. Mortgages are low for now, but once people run out of easy credit, which they have, mortgage delinquencies will rise. People are poor.