Rising Credit Card Delinquencies Not A Problem….YetRupert Hargreaves
Just as the Fed starts to wind down QE, cracks are beginning to appear in the consumer as shown by the increase in credit card delinquencies.
A decade on from the financial crisis, and it looks as if consumers have not learned their lesson. According to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic . . .
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