• Default Rates on Household Loans are SKYROCKETING

  • Nov 19 2024
  • Length: 20 mins
  • Podcast

Default Rates on Household Loans are SKYROCKETING

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  • Summary

  • The Federal Reserve reported a sharp rise in delinquencies, especially credit cards and auto loans. That wasn't all, as the New York branches also showed record high rejections strongly indicating where things really stand in the credit cycle. As a result, we have to pay some attention to CRTs, otherwise known as SRTs, the latest financial engineering akin to the 2020s version of credit default swaps.

    Eurodollar University's Money & Macro Analysis

    FRBNY Household Debt and Credit Report Q3 2024
    https://www.newyorkfed.org/microeconomics/hhdc/background.html

    Bloomberg Ally Auto Borrowers With 2022 Loans Now Struggling, CFO Says
    https://www.bloomberg.com/news/articles/2024-11-07/ally-auto-borrowers-with-2022-loans-now-struggling-cfo-says

    Bloomberg Ally’s Charge-Offs, Bad-Loan Provisions Beat Expectations
    https://www.bloomberg.com/news/articles/2024-07-17/auto-lender-ally-reports-stronger-than-expected-debt-management

    Federal Reserve Frequently Asked Questions about Regulation Q
    https://www.federalreserve.gov/supervisionreg/legalinterpretations/reg-q-frequently-asked-questions.htm

    https://www.eurodollar.university
    Twitter: https://twitter.com/JeffSnider_EDU
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