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Posts Tagged ‘consumer debt’

Consumer Debt Update and real estate! It’s looking scary.

No good news in consumer debt

consumer debtWe are going to take some time to look at the most up to date information on what is going on with consumer debt. As I have mentioned quite a few times before, the overall debt profile of the public has got me worried. While I continue to hope for improvements, consumer debt continues to move in the wrong direction. Sadly, it is a direction that is likely to take us to some very familiar and unpleasant places.

Todays Links:

  • http://www.calculatedriskblog.com/2017/08/ny-fed-household-borrowing-grows.html
  • http://www.marketwatch.com/story/millennials-are-financing-everything-from-bed-sheets-to-concert-tickets-2017-08-14
  • http://www.zerohedge.com/news/2017-08-16/carmageddon-deep-subprime-auto-delinquencies-spike-10-year-highs
  • https://www.housingwire.com/articles/41048-mr-cooper-launching-mortgage-linked-credit-card

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