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Subprime Begins to Haunt Credit Card Balances 

By: capt_nemo in POPE 5 | Recommend this post (1)
Thu, 23 Aug 18 12:15 AM | 64 view(s)
Boardmark this board | Pope 5 		Msg. 06427 of 62138
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Smoke and mirrors,,,,,,,,,,,

Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on?

The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – rose to 6.2% in the second quarter. This exceeds the peak during the Financial Crisis by a full percentage point and was up from 4.0% a year ago.

But for the largest 100 banks – which carry the majority of the credit-card loan balances – the delinquency rate was 2.4% (seasonally adjusted), the Federal Reserve Board of Governors reported Tuesday afternoon. So what is going on here?

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http://wolfstreet.com/2018/08/21/credit-card-balances-delinquencies-charge-offs/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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