$12.0 Archives - Citizen Watch Report

Fed keeps rates unchanged in 12-0 vote, signals concern as disinflation stalls. Unanimous decision, inflation remains elevated.

January 29, 2025 2:29 pm

Interest rate futures now show a base case of Fed rate cuts being paused until June 2025. The decision to pause cuts appears to be largely uncontested by Fed officials. PCE inflation data Friday is huge. Follow us @KobeissiLetter for …

Current debt levels are dangerously high, with $17.1 trillion in household, $12.0 trillion in mortgage, $1.6 trillion in auto loans, and $1.0 trillion in credit card debt.

August 21, 2023 10:35 am

For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as …

Yellen calls rising credit card debt the sign of a strong consumer. No, Janet, it means tapped out consumers are sinking further into debt they can’t possibly repay.

August 9, 2023 6:34 amAugust 8, 2023 10:05 pm

The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household …