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Mike Shedlock: Consumer credit stress now parallels Great Recession levels

Mike Shedlock: Consumer credit stress now parallels Great Recession levels
Consumer credit stress hits new record

Mike Shedlock, author / blogger at MishTalk, warns that consumer credit stress is currently comparable to the Great Recession.

He points out that auto loan delinquencies have reached a new record while credit card delinquencies are close to their highest levels. Shedlock's observations highlight rising financial pressure on U.S. consumers.

Shedlock has previously noted continued declines in real hourly earnings for U.S. workers. He also observed that China is accumulating dollars by purchasing U.S. treasuries and other assets. These recent observations provide context for his warnings about rising consumer credit stress.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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