Click to enlarge.
It would be completely unprecedented for this parabola to continue until something breaks! Nothing like this has ever happened before! A 25-sigma event!
Click to enlarge.
Is this the same chart? No? Sure looks the same. Starts in 2002? What? Doesn't change my optimistic outlook in the slightest though.
It was completely unprecedented for that parabola to continue until something broke! Nothing like that ever happened before! A 25-sigma event!
This is not a prediction of the future. If forced at gunpoint to make a prediction, you can probably guess which way I'd lean though. Sigh.
Source Data:
St. Louis Fed: Charge-Off Rate on Commercial and Industrial Loans, All Commercial Banks
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