Replying to Avatar preston

Retail Sector Faces More Downside From Struggling Consumers.

https://www.zerohedge.com/personal-finance/retail-sector-faces-more-downside-struggling-consumers

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Magnum 2y ago

Car payment delinquencies … https://www.wsj.com/articles/late-auto-payments-expose-cracks-in-consumer-credit-5b5e29b0?st=8esbcax1dbn3qer&reflink=article_copyURL_share

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Magnum 2y ago

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Doug Brown 2y ago

The first domino to fall…then when people don’t have a car, they can’t go to work and then they stop making mortgage payments. Tick tock!

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Nice and Kind Vic 2y ago

What causes the zigzag pattern here? There seems to be consistency for when the percentage declines each year. Maybe use of tax refund checks to get current or some other consistent windfall.

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Magnum 2y ago

Yeah, I don’t know, perhaps seasonal nature of car purchases, then falling into delinquency?