X @Nick Szabo

RT The Kobeissi Letter (@KobeissiLetter)Financial stress among US consumers is intensifying:The delinquency rate on subprime loans is up to 10% of total outstanding debt, the highest in 11 years.Subprime loans are those made to borrowers with a credit score below 660, meaning they were already considered higher-risk at the time of borrowing.The delinquency rate has more than TRIPLED since 2021, when pandemic-era forbearance programs temporarily allowed borrowers to delay payments without being marked as del ...