A breakdown of the work-from-home crowd... Read More
Household debt in the U.S. rose to $16.15 trillion in the second quarter.... Read More
Consumers are being cautious with their lines of credit, using just 21% of their credit limit.... 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 $1239 in the second quarter, just off the lowest level since Q4 2006.... Read More
Household debt broken down by delinquency status... Read More
Outstanding credit card debt remains below pre-pandemic levels. This was likely due to a lack of spending options during quarantines alongside increased savings accounts from government stimulus checks.... Read More
Mortgage originations slowed markedly in the second quarter.... Read More
Economists are forecasting a dramatic slowing in July payrolls. This potentially creates a "disappointment" in risk markets (stocks), where a strong labor report continues to embolden the Fed to stay aggressive in hiking rates.... Read More
A Bloomberg survey still puts the odds of a recession over the following year under 50%.... Read More
Economists are skeptical about a nearing recession in the U.S. Even with the strength of the labor market adding confusion to the debate, a second consecutive quarter of negative GDP growth and the bear market in stocks are typically signs a recession is underway.... Read More
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.... Read More
In the two years since the pandemic began, data suggests activity has fully recovered to what is a very different economy and a very different consumer.... Read More
Despite inflation at multi-decade highs, rising interest rates, and a Fed willing to do anything necessary to bring down inflation, the housing market has been on a tear with prices rising over 20% nationally over the past year. However, signs of a cooldown may be emerging.... Read More
Yesterday Jim conducted an interview of Stanford's Nick Bloom for RealVision. Nick is one of the foremost experts on remote work/work from home.... Read More
Outside the U.S., the world's money supply is already shrinking.... Read More
Household debt in the U.S. rose to $15.84 trillion in the first quarter.... Read More
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.... 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 $1219 in the first quarter, the lowest since Q4 2006.... Read More