UBS: US Consumer Defaults Set To Rise Further

Over the past couple of months, a trend has been emerging in consumer credit data, which runs contrary to the generally accepted economic growth story. Specifically, US consumer non-performing loans turned higher in the second quarter despite low unemployment and substantial job growth. This trend (specfically in Consumer Defaults) is something that analysts at UBS have explored several times before, surveying consumers to assess credit quality and try and understand what’s driving the rise in non-performing loans.

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