A comparison of taxes across the globe... Read More
Small banks provide a major portion of total bank loans in the U.S. If deposits continue to flee for larger banks, the economy could lose a significant source of funding.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
Federal debt held by the public is on pace to surpass 100% of GDP by the end of 2024. Much of this is due to rising carrying costs.... Read More
The U.S. government hit the debt ceiling on January 19, 2023. The Treasury enacted "extraordinary measures" to keep the government funded. While political theater amplifies fears around the debt ceiling, it is very unlikely Congress will allow the U.S. to default on its debt. ... Read More
Household debt in the U.S. rose to $16.90 trillion in the fourth quarter.... Read More
Credit utilization remains historically low, but is on the rise.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More
The average third party collection totaled $1237 in the fourth quarter, just off the lowest level since Q4 2006.... Read More
Household debt broken down by delinquency status... Read More
Credit card debt is now 10% higher than it was pre-pandemic.... Read More
Mortgage originations slowed markedly for the sixth quarter in a row.... Read More
While the Fed expects to continue its fight against inflation, the consensus expects the economy to soften enough that the Fed will be forced to pivot.... Read More
Outside the U.S., the world's money supply continues shrinking at a fast pace.... Read More
During the Covid-19 crisis, the global supply chain was decimated as lack of workers, lockdowns, and shortages drove shipping and transportation rates to record levels. By the end of 2022 though, the cost to transport goods had dropped to near pre-pandemic levels. ... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
The WTO's Goods Trade Barometer slowed in recent quarters on the heels of weaker global import demand.... Read More
Household debt in the U.S. rose to $16.51 trillion in the third quarter.... Read More
While credit card balances are rising, credit utilization remains historically low.... Read More
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.... Read More