Credit card rates are now higher than they were at the peak of the last cycle despite CC lending standards is now the highest since 2008 great financial crisis

Credit card rates are now higher than they were at the peak of the last cycle: pic.twitter.com/54RBTFJHGh

— Jesse Felder (@jessefelder) August 7, 2018

I wonder what this graph would look like if personal loans and line of credit were added to it…it’s getting scary folks. Ultimately, the populous thought 0% interest rates were here to stay forever.

FWIW, net %age of #banks tightening CC lending standards is now the highest since the tail end of the GFC. Before that, the tail end of the dot-com recession per #Fed latest #SLOOS. I'm sure it's nothing though 🤔 pic.twitter.com/edurhrfMIE

— Mike Larson (@RealMikeLarson) August 7, 2018

Chart: US Credit Growth About to Surge https://t.co/uuokfAHnzm pic.twitter.com/IkdZ6qIC4H

— Topdown Charts (@topdowncharts) August 7, 2018

h/t KK