90-day+ delinquency rates for auto loans, credit cards and student loans. All have jumped to near historic highs over the past year.
Quarterly issuance of new subprime mortgages and auto loans. Auto has remained flat to pre-2008 levels, while mortgage collapsed after the crisis and now runs at less than auto originations.
Behind #Tricolor and #FirstBrands failures lies growing consumer debt struggles, tariff-led cost rises and possibly the economic chill from deportations. Risky private credit is a worry but at least subprime consumer isn't the danger it was
www.bloomberg.com/opinion/arti...