Investment Strategy Today

Consumer credit default rates remain stable indicating no signs of stress. Combined with annual wage increases of 4.0% and inflation stuck at 2.0% the consumer is showing good signs of being able to maintain the current level of debt and debt service. Bank credit card default rates remained unchanged at 3.09%. Auto loans and first mortgage defaults increased only 0.001% to 0.93% and 0.64%, respectively.

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Posted by Steven Albrecht