The credit cycle is turning for the worse.
Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to run out of steam.
In response to this, banks are pulling back on lending.
If you want to put the above two graphs together, think of it this way:
The economy is showing signs of stalling, so banks are “pulling the plug.”
The last time both of these issues came to rise was in 2007 as the last major credit cycle turned.
We all remember what happened next, particularly given that stocks were in a massive bubble at the time (just like today).
A Crash is coming…
And smart investors will use it to make literal fortunes.
We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.
Today is the last day this report is available to the general public.
To pick up one of the last remaining copies…
Chief Market Strategist
Phoenix Capital Research