In this video Joe talks about the recent surge in credit card defaults along with his unique commentary. Topics include:

• Many indicators are surging to highs not seen since the 2008 -- could it be indicating the next crisis is here;
• Credit Card Defaults chart;
• Slide in underwriting standards;
• Banks need to lend -- sub-prime borrowing;
• Economists surprised by the credit card default surge given the robust labor force (low unemployment);
• Capital One charge-offs;
• and more...

14 minute video published 10 June 2017

Source

YouTube Channel: jsnip4

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