Scary Charts 05.06.20 — Auto Loans

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Subprime Auto Loans Blow Up, Get Very Messy

US-auto-loan-deliquencies-dollars-2020-q1

Delinquencies of auto loans to borrowers with prime credit ratings were near historic lows (0.27% in March), according to Fitch data. In the pre-Virus Good Times, it was the subprime loans – with credit scores below 620 – that were blowing up…

In mid-March, the world changed for subprime lenders. Delinquencies were already exploding in the Good Times, and now they’re in utter turmoil.

In addition, it is likely that prime loans are becoming delinquent as well, as many of these people too have lost their jobs – this includes dentists and other professionals with high incomes and big debts and lots of expenses and no savings, who’d suddenly had to close their operations, and their cash flow disappeared. If they fall behind on their debts, they’ll be subprime in a hurry.

 

Alcohol Abuse and Covid-19

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The binging population is of particular concern. “This is a huge problem, driven by people in their 30s and 40s,” Saab told Medscape Medical News. “It’s fascinating; with each subsequent generation, risk behavior increases. Nobody seems to know why that is. Different parenting, different life stressors, social media? Things have changed.”

In the 25- to 34-year age group, death from liver cirrhosis increased 10.5% from 2009 to 2016, according to data from the ACCELERATE-AH consortium, which is looking at alcohol use by patients before and after liver transplantation, as reported by Medscape Medical News.

Alcohol Abuse Agitated by COVID-19 Stirring Liver Concerns

Read the entire article at the link above.

 

4,400 Meat Packers Have COVID-19

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New data analysis from the Indianapolis Star shows that 4,400 meat processing workers have tested positive for COVID-19. Meatpacking workers have tested positive for COVID-19 at 80 different facilities in 26 states, resulting in 28 plant closures for one day or more.

Source article link – 4,400 Meatpackers Have COVID

Meanwhile in Oklahoma…

116 COVID-19 infections found in pork processing plant in Guymon

I have been adding vegetarian cookbooks to my collection.

Heads Up! Mega-Strike May 1st

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This May Day event follows a string of protests held by workers at Amazon, Instacart, Whole Foods, and Shipt over the last two months, whose employers have seen unprecedented profits as staffers on the ground handle cash sales and run deliveries. The demonstrations reflect growing unrest among the nation’s essential workers, who are entering their third month of duty on the front lines of the coronavirus pandemic.

Amazon, Walmart, Target mega-strike: Here’s what to know about the sprawling protest

Your shopping woes just got worse.