Loading...
Chart Of The DayMost Recent Stories

CHART OF THE DAY: CREDIT CARD DEFAULTS TO SURGE?

As the unemployment rate surges, we see the continuing high correlation between credit cards delinquencies and unemployment.   There appears to be universal agreement that the unemployment rate will remain very high well into 2010.  Does this mean consumers and banks have tougher sledding ahead than the “green shoots” theorists are currently pricing in?

charge-offs

Please follow and like us:

Comments are closed.