[abb]

Interest also has to cover the losses from deadbeats. And there are quite a few. I know first hand.

[expat_panama]

Yo!   Yesterday's metals continued their drop while stock indexes closed mixed in lower volume, and now today's futures seeing more more of the same for both.  Busy report list this morning:

Challenger Job Cuts
Initial Claims
Continuing Claims
Productivity-Prel
Unit Labor Costs
Natural Gas Inventories

fwiw:

More jobs data, ECB loom on Wall Street
Tuesday’s minimum wage hikes could inspire more states
Oil Is Crashing Oil falls to new lows. Business Insider
Will We Get a Republican Bull Market Now? - Stephen Moore, Investor's

[expat_panama]

deadbeats

aka "victims of predatory lenders" ;)  Seriously, it's not that big of an issure --and it really never was.  We had a nasty 3% spike at the end of '09 which meant fully 97% of borrowers were still making payments.  Right now the charge off rate's back down to a super-low of just 0.49%