The Federal Reserve reported a record increase in student loan delinquencies to go with high rates of souring household loans in credit cards and auto lending. The distress is another confirmation of macro deterioration starting with jobs and incomes. And that's just what the latest major economic release on US services showed today -- another alarming drop for employment. 

Eurodollar University's Money & Macro Analysis

*****
EDU's One Big Weekly Thing
https://eurodollaruniversity.substack.com/
*****

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU