The amount of newly delinquent 30+ day student loan balances

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90 Day Delinquency Rate Goes Parabolic

Households do not delever unless they actually file for bankruptcy, and in the process destroy their credit rating for years, making them ineligible for future debt for at least five years.

US Households Are Not "Deleveraging" - They Are Simply Defaulting In Bulk

Nearly all student loans—93% of them last year—are made directly by the government, which asks little or nothing about borrowers' ability to repay, or about what sort of education they intend to pursue.

Federal Student Lending Swells

Share of balance outstanding that is 90 days or more overdue, by loan type in the U.

And it is quite ghastly. As of September 30, Federal Student Loans (not total, just Federal) rose to a gargantuan $956 billion, an increase of $42 billion in the quarter - the biggest quarterly update since 2006.

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As Day Delinquency Rate Goes Parabolic

We have never had such a steep drop in Cap Goods in the past 30 years without a concurrent recession.

Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft Source: St Louis Fed

October Y/Y Plunge of -8.1% in this major indicator was the biggest drop since 2009.

October Y/Y Plunge of in this major indicator was the biggest drop since

This past week the monthly release of the Leading Economic Indicators showed that the leading-to-lagging indicator ratio dropped to 89.5 which matches the lowest level in more than 2 1/2 years.  Historically when the leading-to-lagging ratio has fallen below 91 the economy was either in, or about to be in, a recession.

I have been writing extensively about the data behind the headline media reports and discussing the importance of the underlying data trends relative to the bro

The Dallas Fed manufacturing headline data was just released 15 minutes early and has dropped back into negative territory with the largest miss in four months

The Dallas Fed manufacturing headline data was just released 15 minutes early and has dropped back into negative territory with the largest miss in four months

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