by David Haggith
GoldSeek
Alarms are ringing everywhere for the economy. Not all of them are due to Donald Trump, though many are. For example, one big alarm that is ringing is a towering stack of evidence that emerged recently, showing the economy was already entering a stealth recession before Trump even took office. Back in January, auto loans hit a peak delinquency rate that was worse than they were just before the 2020 mini recession its stock-market crash, and worse than they were at any point during the Great Recession and its stock market crash. Far worse than they ever reached during the dot-com bust and its recession and worse than they were when stocks crashed around the world in 1997 due to the global Asian financial crisis.
Auto loans NEVER look this bad unless the economy is in deep trouble: