U.S. consumers are struggling to make credit card payments, with delinquencies surging to levels not seen in 15 years, according to a report. Credit Card Delinquencies Reach Multi-Year High According to an X post by The Kobeissi Letter on Monday,...
Exactly my point. Flagging it at a (major)crisis point is kind of dumb, much too late for corrective/preventive measures. I’d say the warning is like 2 years late.
because now it’s around the same level as it was during the major financial crash
Exactly my point. Flagging it at a (major)crisis point is kind of dumb, much too late for corrective/preventive measures. I’d say the warning is like 2 years late.
Oh yeah, I agree completely. It’s more of an acknowledgement that the crisis has already happened rather than a warning.