consumer credit
4 statements across 4 episodes · 0 bullish · 4 bearish · 2 people on the record · first statement May 13, 2022 by David Friedberg · across every show →
Everything said about consumer credit, oldest first
May 13, 2022 bearish
Friedberg: US consumer credit jumped $60B in a single month
“Sachs's point is like, I mean, the number was sixty billion of new consumer credit last month, which is like something we haven't seen in a very long time as consumers try and bridge this gap to afford the things that they've gotten used to spending money on. …”
Jun 7, 2022 bearish
Friedberg: Cascading consumer credit defaults could hit over next few quarters
“I'm just concerned there's a lot of loans out there, a lot of buy now, pay later, a lot of stuff that, that has floating rates attached to it. If we're gonna have a recession, we're gonna see job loss, you're gonna see these and by the way, these auto loan por…”
Aug 5, 2022 bearish
Jan 6, 2023 bearish
Friedberg: Consumer credit will hit a wall in 2023 as defaults rise
“And so I think we're going to run into a real wall with respect to consumer credit in sometime this year. And you're going to see, As you guys know, it's such a complicated, interwoven market of assets, that the way that this can be traded, there's a lot of di…”