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
Household debt broken down by delinquency status... Read More
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. The most recent quarter's decline is probably due to consumers being more cautious as the markets turned south.... Read More
Mortgage originations slowed markedly in the first quarter.... Read More
A growing portion of S&P 500 companies' market capitalization is made up by intangible assets like branding or patents rather than physical assets like buildings or machinery.... Read More
Economists are raising the probability of a recession over the next year, but based on current wage inflation and unemployment rates, they may still be underestimating the odds of a contraction.... Read More
A slowdown in U.S. exports led to a surprise contraction in Q1 GDP.... Read More
A historical look at the highest and lowest tax brackets since 1913... Read More
How have the different forms of taxes funded the U.S. government throughout the years?... Read More
Those with an AGI under $100,000 account for roughly 16% of all income taxes collected in the U.S., while those with an AGI above $1 million account for roughly 29%.... Read More
The average taxpayer in the U.S. paid 14.10% on their adjusted gross income between 2001 and 2019.... Read More
Over one-third of U.S. citizens have no income tax liability.... Read More