From: video61atarisales@gmail.com   
      
   this has not happened since the reign of of economic terror under bill   
   clinton:    
      
   More people are missing car payments in another ominous sign for the economy   
      
   The rate hit 6.11% in September – the highest since records began in 1994   
      
    the free traders in the USA lacks any sense of self-introspection or ability   
   to see the world from any other point of view   
      
      
   More people are missing car payments in another ominous sign for the economy   
   Polly Thompson   
   Sat, October 21, 2023, 11:28 AM CDT·2 min read   
      
   "    A record number of subprime borrowers are behind on auto loan payments by   
   more than 60 days.   
      
       The rate hit 6.11% in September, per figures from Fitch Ratings reported   
   by Bloomberg.   
      
       Vehicle repossession rates are also on the rise, leaving many without   
   transportation.   
      
   A record number of subprime borrowers are behind on their auto loan payments   
   by 60 days or more, according to figures from Fitch Ratings reported by   
   Bloomberg.   
      
   The rate hit 6.11% in September – the highest since records began in 1994,   
   and was up from the 5.93% recorded at the start of the year.   
      
   Analysts predict that auto loan delinquencies will continue to rise into 2024   
   and peak at about 10% before they start to fall, per CNN.   
      
   The high rates of delinquencies indicate that many lower-earning workers in   
   particularly are struggling amid ongoing high inflation, a rough jobs market,   
   and the resumption of federal student loan payments following a pandemic-era   
   freeze.   
      
   High interest rates are also having an impact, with many turning to borrowing   
   to cope. In the second quarter of this financial year, credit card debt   
   surpassed $1 trillion for the first time in the NY Fed survey's history."   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)