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Source Data:
St. Louis Fed: Custom Chart
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
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From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
2 hours ago
5 comments:
Hey, at least this economic exponential trend failure is hobbling along like a wounded animal. That's better than most of them.
On the other hand, I'm trying to remember the last time I spoke to an employed customer service representative when making a purchase online.
If memory serves, the answer is never. Sigh.
Who falls into the category non-civilian? Army, Navy, Air Force, Marines, Coast Guard? Is that the lot?
Actually, there might be a silver lining here. Perhaps we've seen peak "malling" in America.
That said, I'm almost certain the "mauling" of the middle class will continue. The looting apparatus remains in place.
dearieme,
Those under the age of 16 are also not part of the civilian labor force and neither are those who are institutionalized (can't be in jail *and* unemployed).
mab,
Technology will save the malls unless...
Mall Wear -> Malware
D'oh!
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