"Credit card delinquencies just hit a 15 year high. 13.12% of balances: now 90+ days past due -worst since the 2008 GFC. Total US CC debt reached $1.25T in Q1 -highest 1Q since the Fed started tracking in 1999.

Aver% rates: 21%:⬆️from 14.6% in Feb 2022. Delinquencies:⬆️every income level. NFCC: 24% more clients in Jan than a year ago.

The hole gets deeper at these rates -Fed:⬆️rates to fight #inflation, CC issuers follopwed: $15K bal at 26% costs ~$325/mo in int alone."
-Hedgie
#Recession #USPol

Climbing #Inflation

#Prices in the #US are rising at the fastest pace in years.

Officials at the #CentralBank [#FederalReserve] have embraced the possibility of higher #InterestRates [& #JeromePowell is NOT chairing the board anymore] to get resurgent inflation under control.

#economy #affordability #CostOfLiving #recession #trumpcession #Trump #policy
nytimes.com/2026/05/28/busines…

Staggering dip in #US #tourism is a troubling sign for the future

There’s no sugarcoating it. The complete 2025 data is in, & the message is clear: International visitors stayed away from the US in the first real year-over-year decline since the COVID19 pandemic. The drop in visitors was larger than during the global #recession of 2008.
This time, it wasn’t a pandemic or a collapse of the market—it was #Trump.

#economy #immigration #WhiteChristianNationalism #HateSpeech
cnn.com/2026/05/25/travel/anal…