The Impact of the Recession on Delinquency

If the job market slows considerably, if you do start to see unemployment ticking up a bit further, that's going to put additional pressure on these markets and cause those delinquencies and default rates to rise. That's where the delinquencies are really popping. And again, it's really what the impact on the margin, right, in terms of diminished spending in an economy that might already be facing some... Yeah. If that's the worst you can come up with, I'm feeling pretty good.