According to The Kobeissi Letter, the US credit card delinquency rate for debts over 90 days reached 11.1% in Q3 2024, marking the highest level since 2011. This figure surpasses the peak delinquency rates observed during the 2020 lockdowns, which remained below 10.0%. The increasing availability of financing options by corporations is contributing to this worsening trend. Traders should consider the potential impact of rising consumer debt on financial markets.

According to The Kobeissi Letter, as interest rates remain elevated, there is a notable increase in credit card delinquencies. The proportion of active credit card accounts making only the minimum payment has surged to 10.8% in Q3 2024, the highest level since 2012. Additionally, credit card accounts that are 30+ days delinquent have risen to 3.5%, marking a 10-year high. This data suggests potential risks for credit markets as consumers struggle with debt management.

According to Cas Abbé, the German government's sale of 50K BTC in Q3 2024 led to a significant drop in BTC's price by over 30%. This event highlights the influence of large-scale government transactions on cryptocurrency markets. The tweet also hints at the broader economic context, mentioning the US as the largest economy, suggesting potential implications for global market trends.

According to The Kobeissi Letter, US consumer spending on healthcare and government expenditures accounted for over 50% of GDP growth in Q3 2024, with healthcare services alone contributing 25% and government spending 28%. This significant increase signals a potential shift in economic focus which traders should consider when analyzing market movements and economic policies.

According to @KobeissiLetter, US consumer spending on healthcare services and government expenditures together accounted for more than 50% of the GDP growth in the third quarter of 2024. Specifically, consumer spending on healthcare alone contributed 25% to the GDP growth, while government spending added 28%. This significant allocation towards healthcare and government services highlights key sectors influencing economic expansion, which traders should consider when evaluating market movements.

According to Cas Abbé, the $DOGE fractal pattern observed currently resembles the pattern from Q3 2024, where a significant crash was followed by a consolidation phase leading to a 300% price increase over 4-6 weeks. This historical performance could be relevant for traders considering potential future movements. Source: Twitter (@cas_abbe).