SCHIZO.FINANCE
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1 915
Repost from The Kobeissi Letter
BREAKING: Credit card serious delinquencies rose +0.4 percentage points in Q1 2026, to 13.1%, the highest since Q4 2010.
This is only below the 2010 peak of 13.7%, in the aftermath of the 2008 Financial Crisis.
Since Q3 2022, serious credit card delinquencies have surged +5.5 percentage points, even larger than the +3.9 point increase in 2007-2010.
Furthermore, student loan 90+ days delinquencies jumped +0.7 percentage points in Q1 2026, to 10.3%, the highest since Q1 2020.
Auto loan serious delinquencies increased +0.4 percentage points, to 5.6%, the highest on record.
US consumers are falling behind debt at a crisis pace.
(@TheKobeissiLetter)
1 915
Rare view into the Schizochat as we prepare to make our quarterly trade (buying sonic at market price)
1 915
Repost from The Kobeissi Letter
BREAKING: After 3,018 days as Fed Chair, today is Jerome Powell’s final day in the position before his term expires. https://t.co/i2we7HRUa2
(@TheKobeissiLetter)
1 915
"If you work for a living, your share of GDP has never been lower
If you hoard capital for a living, your share of GDP has never been higher" @infraa_
1 915
Repost from Middle East Spectator — MES
— 🇮🇷/🇮🇳 NEW: The Indian-flagged oil tanker ‘SANMAR HERALD’, which was fired upon by IRGC gunboats last Sunday, fell victim to a crypto scam
Reportedly, the ship was contacted by an Indian man claiming to represent the IRGC Navy. The captain then transfered a large amount of money in USDT, and was ‘granted a right of passage’.
When the vessel arrived in the Strait of Hormuz, it got fired upon by the actual IRGC Navy, who had not issued any permission for the ship to pass.
@Middle_East_Spectator
