Banks Are “Pulling the Plug” on Another Debt Bubble

by Graham Summers, GoldSeek:

Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to run out of steam.

If you want to put the above two graphs together, think of it this way:

The economy is showing signs of stalling, so banks are “pulling the plug.”

The last time both of these issues came to rise was in 2007 as the last major credit cycle turned.

We all remember what happened next, particularly given that stocks were in a massive bubble at the time (just like today).

Read More @ GoldSeek.com