Jim Patrick

US auto loan delinquency rates keep on surging: Subprime auto loan delinquency rates just crossed above 5% for the first time in history. Since 2022, the 60-day delinquency rate for subprime auto loans has more than DOUBLED. Delinquency rates are now above the peak levels…

"For months, nearly 8 million student-loan borrowers have been waiting in limbo as federal courts weigh the legality of their payment plan. Starting in August, they’ll see their balances tick up as interest on the loans resumes," per MW.

The AI bubble today is now bigger than the dot-com bubble, per Apollo.

🚨New Home Sales Wow! That median price is brutal Prices down and sales tepid Non-seasonally adjusted sales down -6.90% YOY & -3.57% MOM Price down - 2.95% YOY & -4.94% MOM And 9.5 mos. of supply Watch out Existing Home Sellers

US New Home Sales Disappoint In June As Prices Plunge zerohedge.com/personal-finan…

BREAKING: Japan’s 40-year government bond auction recorded its weakest demand in 14 years on Wednesday. The bid-to-cover ratio, a measure of demand, dropped to 2.127 from 2.214 at the previous auction. As a result, the 40-year bond yielded 3.375%, the highest on record. This…

Subprime auto delinquencies have now surpassed 2009 levels, reaching a 15-year high, according to Fitch.

🚨Existing Home Sales June 2025 NSA sales just behind 2024 for lowest sales in June since 1999 Does that record home price as "calculated" by NAR make anyone in the housing market feel better? What about those who are trying to sell...and can't Supply up despite Yun gabbing

Capitalism isn’t primarily about money - it’s about liberty. The rest - private property, individual rights, free speech - flows out from this. Capitalism isn’t primarily for the rich. It’s for the independent, the nonconformist, the freethinker.

Last year, the Federal Reserve had unrealized losses of $948 billion on its bond holdings. Who is counting at this point?

Insiders have rarely been this bearish before: Only 11.1% of companies with insider activity are seeing more buying than selling by corporate officers and directors, the lowest share on record. Over the last decade, this figure has never fallen below 15%. This means insiders…

20% of job-seekers have been searching for work for at least 10 to 12 months, per FORTUNE.

BREAKING NEWS AN ADVISOR FOR THE BANK FOR INTERNATIONAL SETTLEMENTS SAYS THE WORLDWIDE FINANCIAL SYSTEM NEEDS TO REWRITE ITS RULES FOR A TOKENIZED FUTURE “Rewrite its rules.” Oh?

What is happening here? The BLS just said the number of jobs reported for the 9 months ending December 2024 was likely overstated by ~800,000. This comes as the Quarterly Census of Employment and Wages (QCEW) data, covering 97% of employers, showed the US added 607,000 jobs…

Daimler Truck is laying off 573 workers in North Carolina - blaming a “sustained reduction in orders” for medium-duty, on-highway, and electric trucks. Assemblers. Supervisors. Logistics staff. All temporarily out with no return date. We know logistics is slowing... but…

The number of U.S. homes completed for sale fell 24% year-on-year in June to 1.3 million, the lowest level in three years. High mortgage rates and record-high home prices are squeezing buyers out of the market, resulting in a growing glut of unsold inventory. Builders are…

BREAKING: Foreign investor holdings of US Treasuries jumped +$32.4 billion in May, to $9.05 TRILLION, the second-highest on record. The increase almost fully reversed April’s decline of -$36.0 billion. Foreigners now own 31.7% of the US Treasury market, the highest share since…

Gen Xers (ages 45-60) are the likeliest to say they are not completely financially secure currently (84 percent), compared to 80 percent of Gen Zers (ages 18-28), 79 percent of millennials (ages 29-44) and 69 percent of baby boomers (ages 61-79), per Yahoo.

23% of Americans say they are completely financially secure, per Bankrate.

Only 29% of U.S. adults believe their version of the “American Dream” is likely for them in today’s economy, per Bankrate.