Daniel Mangrum @danielmangrum.com · Nov 18 While the statistic below is undoubtedly true, there’s a glimmer of optimism regarding credit card delinquency when we consider the transition into newly 90+ day delinquent credit card debt. (More details in a🧵.)
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The first chart shows the stock of delinquencies (%DQ/Total) while the chart I posted is the flow. I liken this to filling up a bath tub. The quoted chart is the amount of water in the tub and the second chart is the water flowing into the tub. Behind the scenes: the drain — or water flowing out.