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Weekly Market Update: Protect Your Retirement Account from Record Level Credit Card Chargeoffs Lately it seems the economic news only continues to get worse. In the last few weeks, consumer credit has reached all- time highs and auto delinquencies have neared those not seen since the worst point of the Great Recession. This past week, lenders had still more negative news to digest. The subprime category o Read more
Weekly Market Update: Protect Your Retirement Portfolio from Great Recession Peak Auto Loan Delinquencies The most recent data out of the New York Fed is ominous. The current auto loans that are in serious delinquency (meaning that they are over 90 days past due) has jumped to a percentage of 4.69 percent for first quarter 2019 . In the darkest days of the Great Recession, they only peaked a bit higher at 5. Read more
