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
Small business loans: Public companies took $855 million
Coronavirus economic damage hitting the lowest level of wage earners
How Fed Intervention Saved Carnival – WSJ
Coronavirus Economy: The Fed Should Go Negative Next Week – Bloomberg
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‘QE4ever’ to drive stocks to new records post-coronavirus: Ed Yardeni