BREAKING: US credit card serious delinquency rates jumped to 7% in Q2 2024, the highest level since 2011.
— The Kobeissi Letter (@KobeissiLetter) August 11, 2024
Since 2022, delinquencies of 90+ days have more than DOUBLED.
At the same time, auto loan serious delinquencies surged to 3%, their highest in 14 years.
Currently, there… pic.twitter.com/WyGjxvR63v
Golden Arches AI scams revealed
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