by Michael E Dehn | Sep 10, 2023 | Banking and Finance, consumer spending and sentiment
The $7.6 trillion of US government debt is currently paying very low interest rates from the years back before 2022 when rates were near 0% to 1%. As that debt matures over the next 12 months, the US Treasury will rollover the debt and issue new debt at the current...
by Michael E Dehn | Sep 10, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment
The default rate on credit card loans from small banks just hit a record high of 7.5%. This is well above the 2001 high of 6.0% and 2008 high of 5.6%. Meanwhile, these same small lenders have exposure to 70% of commercial real estate loans in the US. ~$1.5 trillion of...
by Michael E Dehn | Sep 9, 2023 | 2024 election realities, Banking and Finance
Kevin O’Leary warns that ‘real chaos’ is about to start for the ‘little guy’ in America — here’s what he means and why he’s so worked up (msn.com)
by Michael E Dehn | Sep 7, 2023 | Banking and Finance, consumer spending and sentiment
It would take some combination of up to a 28% decline in home prices, a more than 4% reduction in 30-year mortgage rates, or up to a 60% growth in median household incomes to bring home affordability back to its 25-year average, per Black Knight — unusual_whales...
by Michael E Dehn | Sep 6, 2023 | Banking and Finance, Breaking News
BREAKING: Delinquency rates at small banks rise to 7.5%, the highest on record. Meanwhile, delinquency rates at large banks are at 2.9%, well below levels seen at small banks, but up from a low of ~1.5%. The same banks that almost collapsed in the regional bank crisis...
