Report from the Federal Reserve Bank of New York
Came out on Tuesday, US time so an ICYMI
- 7 million Americans are 90 days or more behind on their auto loan payments
- that's more than during the wake of the financial crisis
Economists at the New York Fed:
- "The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market"
Wow. Not a good sign.
