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Recession Watch: When Big Trends Collide

Recession Watch: When Big Trends Collide

The US, Germany, and China are all trending the wrong way

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John Rubino
Sep 29, 2023
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John Rubino's Substack
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Recession Watch: When Big Trends Collide
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Let’s start with the US borrowers who can’t make their credit card payments:

Is there a subprime credit card crisis on the horizon?

(MarketWatch) - Subprime consumers are falling behind on their credit card bills. Borrowers with a VantageScore between 300 and 600 experienced an 8.9% delinquency rate — of 30 to 59 days — in July 2023, up from 7.49% a year …

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