• Consumer credit running rampant…

Consumer credit

 

  • Alongside a decline in interest rates (which helped cause it of course)…

UST

US 10-year treasury yield.

 

So imagine if inflation and ergo rates were to pick up, which it seems to be doing around the world…

Higher rates + (nosebleed levels in student, auto and mortgage debt) = Bad times for a lot of people, which effects will spread to every corner of the economy as well as the banking sector.

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