Delinquencies on auto loans, credit cards and consumer loans just hit their highest levels since 2012.
— The Kobeissi Letter (@KobeissiLetter) September 3, 2023
As both rates and prices rise rapidly, delinquency rates are skyrocketing.
The average new car now costs $48,300, up from $37,700 just 4 years ago.
The average used car is… pic.twitter.com/XpPX6vnOHS
Prescient thoughts on the AI bubble infused with serious facts on the interconnections of Big Tech. Ominous concentrations
https://www.thebignewsletter.com/p/why-anthropics-filing-crushed-tech?utm_source=post-email-title&publication_id=115...