by Mish Shedlock, Mish Talk:
Credit card debt surged to a record high in the fourth quarter. Even more troubling is a steep climb in 90 day or longer delinquencies.
Please consider the New York Fed Household Credit Report for the Fourth Quarter 2023, released this week.
Consumer Credit Key Points
- Aggregate household debt balances increased by $212 billion in the fourth quarter of 2023, a 1.2% rise from 2023Q3. Balances now stand at $17.50 trillion and have increased by $3.4 trillion since the end of 2019, just before the pandemic recession.







Warhawks in Washington DC continue to propagandize Americans in an attempt to drum up support for war with Iran.

Editor’s Note: There’s only one person on the planet who is more hated than Donald Trump by both the liberal and conservative Anglo-American establishment—Vladimir Putin.