Cracks Finally Emerge in the Credit Markets
Credit card delinquencies are on the rise
Highlights
The Fed does not fully appreciate the wreckage it has created…
… auto and credit card delinquencies are on the rise, bankruptcies are ticking up, and the housing market is in disarray
The devil is in the details of Friday’s NFP report — the labor market is weaker than the headline suggests
The U.S. dollar is to get even stronger… a problem for everybody
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