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State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon

State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay. Consumers have undertaken an astounding project instead of consuming: Paying down their credit cards. In September, outstanding balances of credit cards and other […]

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No Payment, No Problem: Bizarre New World of Consumer Debt

No Payment, No Problem: Bizarre New World of Consumer Debt All kinds of weird records are being broken. But it’s scheduled to expire, and then what? The New York Fed released a doozie of a household credit report. It summarized what individual lenders have been reporting about their own practices: If you can’t make the […]

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Nobody Knows How to Ever Get Out of This Mess

Nobody Knows How to Ever Get Out of This Mess “Extend and Pretend” forevermore. This is the transcript of my podcast last Sunday, THE WOLF STREET REPORT. You can listen to it on YouTube, and you can find it on Apple Podcasts, Spotify, Stitcher, Google Podcasts,  iHeart Radio, and others. Until a few months ago, most Americans […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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