[blueelephanttea]

It would appear better. The absolute value of written off loans will perpetually increase since the total amount in loans will increase.

The record 2010 number is ~$80 billion in 2024 dollars vs $46 billion this year.

[listenallyall]

46 billion is only 9 months of this year. Unlikely to reach 80, but the writeoffs are accelerating, hence the article.

[blueelephanttea]

The 2010 $80 billion is a first 3 quarters number too. I'm objecting to the media's obsession with using the persistent march of inflation to constantly write headlines about record this or record that.

I'm agnostic to whether this is some important or stark economic indicator. But I think the media should write articles that use rates not absolute values when they choose to write these articles.