Is The Economy Becoming A "Slow Moving Train Wreck"? | Anna Wong, Bloomberg Economics
Thoughtful Money with Adam Taggart
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Navigating the FICO Drift: Credit Scores and Economic Uncertainty
This chapter examines the phenomenon known as 'FICO drift,' exploring how the pandemic has altered borrower behavior and its impact on credit scores. It highlights the resulting mismatch between credit scores and actual consumer financial health, raising concerns about a potential slowdown in consumer spending and the risk of a prolonged economic downturn. The discussion emphasizes the complexities of fiscal policy and the reactions of policymakers in an increasingly uncertain economic landscape.
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