a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment

So here is what I don’t understand, you are seeing this in housing but yet you see this in autos.

Source: https://wolfstreet.com/2020/09/13/subprime-auto-loan-delinquencies-loan-deferrals-stimulus-curdle-into-curious-phenomenon/

A lot of Americans clearly have had more money in the last 90/120 days and are using it to rightfully pay off debt it seems. Either that or we’re seeing some sort of extend/pretend game happening in auto loans that’s artificially lowering delinquency. That being said we should be seeing a similar extend/pretend going on with housing through forbearance so why aren’t we.