Do you see the unpaid loans as a problem that will expand as I talk about here?
Car bills aren’t being paid. Rent isn’t either. Mortgage payments are piling up. And everything is getting worse. The vast majority of people are simply waiting for a time to return to normal. The issue is that in a couple months time, the new normal won’t be like the old normal. There’s trouble ahead.
Subprime Car Buyers Skip Loan Payments in Sign of Trouble Ahead – Bloomberg
Canadian Credit Card, Auto ABS Outlooks Revised to Negative due to Coronavirus Impact
Coronavirus Accelerates J.C. Penney’s Long March Toward Bankruptcy – WSJ.com
www.wsj.com/livecoverage/coronavirus-2020-04-24/card/Wgd0XPkQVTgGJeAVRxqT
Small business loans: Public companies took $855 million
www.cnbc.com/2020/04/26/small-business-loans-public-companies-took-855-million.html
Coronavirus economic damage hitting the lowest level of wage earners
www.cnbc.com/2020/04/26/coronavirus-economic-damage-hitting-the-lowest-level-of-wage-earners.html
How Fed Intervention Saved Carnival – WSJ
www.wsj.com/articles/how-fed-intervention-saved-carnival-11587920400
Coronavirus Economy: The Fed Should Go Negative Next Week – Bloomberg
median S&P stock.jpg (793×562)
www.zerohedge.com/s3/files/inline-images/median%20S%26P%20stock.jpg?itok=7Hrn2Ore
market breadth april 26.jpg (818×540)
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www.zerohedge.com/s3/files/inline-images/today%20compared%20with%201929.jpg?itok=LDZVn5r9
‘QE4ever’ to drive stocks to new records post-coronavirus: Ed Yardeni
www.cnbc.com/2020/04/26/qe4ever-to-drive-stocks-to-new-records-post-coronavirus-ed-yardeni.html