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
Drug deals
https://www.dailymail.com/yourmoney/article-16025173/costco-store-perk-shoppers-faster-cheaper-nicer.html