Citi labels 2s/5s US yield spread as the best interest rate chart in the world. Bear flattening signaled Savings and Loan Crisis in the late 1980s, the Dot-Com crash in the early 2000s and the GFC in 2007.

Americans are having trouble paying off their credit cards — and it could spell trouble for the economy

  • US credit-card delinquencies are rising, a potentially ominous sign for the economy.

  • Americans now have more credit-card debt than before the financial crisis — over $1 trillion.

  • US household balance sheets are better positioned than before the recession, but “new delinquencies could be early sign of stress,” according to Capital Economics.

Americans are having increasing trouble paying their credit-card bills, a potentially ominous sign for an economy reliant on consumer spending for some two-thirds of overall activity.
US credit-card debt recently surged to record highs, surpassing peaks seen before the 2008 financial crisis. Several large US banks and credit-card companies reported a rise in credit-card delinquency rates for August, the second consecutive monthly rise.
Alarming number of shoppers still paying off debt from last Christmas – USA Today
The debt time bomb that keeps growing and now equals nearly half of US GDP -NBC News

Source: Informa Financial Intelligence