I watched a clip from Reventure Consulting on YouTube this morning(I have no relation to this site). He was stating that mortgage defaults were up substantially recently. Especially on new home owners and FHA loans.
This is the same guy who pointed out that the default rate on Discover and Capital One credit cards roughly doubled in the first quarter of 2024.
I am seeing a reduction in trucking cost in my business. This means we are paying less in the freight cost/mile that we are booking flatbed/vans trucks at. Rates topped out during covid. Rates are down 10-15% from their highs. This is NOT due to lower operating costs. Trucking companies are paying drivers more. Semis and trailers cost more. Diesel coast more. The rates are down because there is NOT enough freight to fill up the trucks. It is a sign of the economy slowing down.
Bookmark what this person said.