World News@lemmy.worldEnglish · 7 months ago

Credit card user delinquency rate hits 9-year high

m.koreatimes.co.kr

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Credit card user delinquency rate hits 9-year high

m.koreatimes.co.kr

ViXY_DBC@lemmy.world to

World News@lemmy.worldEnglish · 7 months ago

The delinquency rate of credit card users soared to 1.63 percent last year, which is the highest in nine years since 2014.

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7 months ago
The Canadian government just poured $40b into buying its own mortgage backed securities. Compre this to $150B in March 2020, and $68B from 2006-2009.

Sure looks like a liquidity crisis to me. Buckle up, buckaroo.

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