ANYONE FEEL LIKE THIS MIGHT BE A PROBLEM?
COMMERCIAL BANK #INTERESTRATE ON #CREDITCARD PLANS VS. DELINQUENCY RATE ON CREDIT CARD LOANS (BANKS NOT IN TOP 100 BY ASSETS)
Delinquency rates are going vertical and have surpassed the 2008 #FinancialCrisis pic.twitter.com/ykgw0eaGHp
— OW (@OccupyWisdom) August 2, 2018
Chart: US auto sales continue to slow – pic.twitter.com/TRT0RwVFIl
— (((The Daily Shot))) (@SoberLook) August 2, 2018
Housing demand sees biggest drop in more than 2 years
Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016.
The number of people requesting home tours fell 6.1 percent annually in June.
While supply declined overall, Redfin noted a large increase in listings in some of the most supply-starved markets, which is where home prices have overheated most.
Chart: The market-based probability of a Fed rate hike this September – pic.twitter.com/k4BgIFbhNy
— (((The Daily Shot))) (@SoberLook) August 2, 2018
“The U.S. housing market appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch”
Via @business pic.twitter.com/UV4usReOXZ
— OW (@OccupyWisdom) August 2, 2018
The gap that has opened up between consumer confidence for the present and future is so classically late-cycle. As in, no more pent-up demand. Consider this a near-2 SD event. Take out the umbrella! pic.twitter.com/DWXkGw5bK6
— David Rosenberg (@EconguyRosie) August 1, 2018