In this video Joe talks about the recent surge in credit card defaults along with his unique commentary. Topics include:
- Many indicators are surging to highs not seen since the 2008 -- could it be indicating the next crisis is here;
- Credit Card Defaults chart;
- Slide in underwriting standards;
- Banks need to lend -- sub-prime borrowing;
- Economists surprised by the credit card default surge given the robust labor force (low unemployment);
- Capital One charge-offs;
- and more...
14 minute video published 10 June 2017
Source
YouTube Channel: jsnip4
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