Are Americans finally figuring it out as they’re paying down their credit cards by record amounts? So far, $25 billion a year in lost interest income for the banks!
Forbearance Effect: Serious delinquencies of mortgages & student loans plunge to record lows because delinquent loans in forbearance don’t count as delinquent.
“Lapse” in stimulus payments, bad weather blamed for retail sales decline, as inflation on durable goods hits 3.3%. Counting on next round of free money!
