Is A New Banking Crisis Imminent? Recent Rise In Delinquency Rates Is Shocking
by Olav Dirkmaat via UFM Market Trends,
ZeroHedge.com
Jun 29, 2016
In 2006 it was exactly twelve months after delinquency rates bottomed that the recession began. If the same period applies, we are due for a recession. In the first quarter of the Great Recession in 2008, delinquency rates were only 1.45%. We are already above that level. The fact that increasing loan delinquency coincides with mountains of debt maturing in 2016 and 2017 is a topic for next time.
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