RV/GCR Financial Roundup for October 11th 2023 On October 11, 2023By Awake-In-3D The latest financial news report provides a brief analysis of several concerning indicators in the current economic landscape. Key Economic Facts this week to date: Default rate on credit card loans from small lenders: 7.51% Bank credit contraction: Witnessed one of the sharpest declines since 1974 More than 50% of domestic banks tightening lending standards Contraction in savings as a percentage of national income Excess savings from 2020 depleted Credit card debt surpassing $1 trillion Auto loan interest rates at highest levels since 2008 Auto loan serious delinquency…
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