Household debt has hit a record high of $12.8 Trillion! This is the highest we have seen since the financial crisis bottomed in 2009. 30 day credit card delinquencies are on the rise standing at 6.2%. One year ago that same figure was 5.1%! 90 day credit card delinquencies are on the rise and this is a sign that the average consumer is being squeezed. The cracks in the very faulty U.S. economy are beginning to appear and this is not the recovery most people think that’s taking place. $51 Billion worth of auto loans last quarter went to people with a credit score under 660. (this is considered subprime) Folks, crap is about to hit the proverbial fan and understanding what’s coming next puts you leap years ahead of everyone else out there. Stay tuned.