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Additionally, US consumer SERIOUS (90+ days) delinquency rates in auto loans and credit card debt for the most productive cohort (18-39) have been the highest since the Great Financial Crisis The mighty US consumer is getting through some notable issueshttps://t.co/puJCEOhOzW …
by confoundedinterest17 Confidence! It’s what consumers DON’T have under Bidenomics. For the fourth straight month, The Conference Board revised its consumer confidence data significantly lower. In fact January’s was the biggest downward revision since Feb 2022. And Conference Board Consumer Confidence …
by confoundedinterest17 The Hollies said it best: Stop, stop, stop. FIAT Money Printing that is. Typically, we look at M2 Money Velocity (GDP/M2) as a measure of how much the economy grows by expanding the money supply. M2 Money Velocity is currently …
by Michael According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023. It is now sitting at a grand total of 17.5 trillion dollars. I suppose …
China has overtaken India as the world’s number 1 consumer of gold jewellery. China understands the era of gold very well. — Gold Telegraph ⚡ (@GoldTelegraph_) February 3, 2024 China’s gold rush: world-leading jewellery surge shows how other investments have …
via Mike Shedlock On January 1, 2023, 38 states had noteworthy tax changes. 37 of the changes put extra money in people’s pockets. Here’s the result in pictures. Tax data from the BEA, chart by Mish The Tax Foundation noted State …
by confoundedinterest17 President Biden still shuffles around mumbling about Maga Republicans and defending democracy (while gettig his DOJ and affiliates to prosecute his leading Presidential opponent) even though …. consumers continue to struggle. While Biden is in wonderland, American consumers …
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80% more problems than …
by confoundedinterest17 Government power is causing inflation and middle class economic repression. For example, US credit card debt is at an all-time high as consumers attempt to cope with inflation under Biden. While inflation RATE is finally cooling off, the …
via Mike Shedlock: Total consumer credit, revolving credit, and credit card interest rates all hit new record highs in November. Consumer credit data from the Fed, chart by Mish Adjusted for inflation, revolving credit is approaching the record high hit …
The latest report from the Federal Reserve reveals a slowdown in U.S. consumer-credit growth for October. Consumer credit expanded at a 1.2% annual rate, a significant drop from the 3% rate observed in September. October saw a total consumer credit …
by confoundedinterest17 Both the US Federal government and California’s government are facing a fiscal inferno. Thanks to a softening economy and inane fiscal policies. At the macro level, we see that The Federal government has gone wild spending money and borrowing …
EVs are less reliable than conventional vehicles, Consumer Reports says Electric vehicles have nearly 80% more problems and are generally less reliable than cars propelled by conventional internal combustion engines, according to a new report from Consumer Reports. Consumer… — Tracy …
by confoundedinterest17 US Real GDP grew at a whopping 5.2% (revision) in Q3. But was it organic growth or simply The Federal Government funding the defense and green energy industies with trillions in spending? One factor has been government spending …
by The Felder Report Inflation has clearly made an impact on both the psyches… 'Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according to …
The decline in holiday hiring to the lowest level in about five years, with only 135,000 hires, reflects shifting consumer behavior. Black Friday, once a bustling shopping event, appeared subdued this year, and retailers face challenges amid changing trends. TD …
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for …
While premiums and benefits have improved for beneficiaries, the financial mechanisms behind these plans raise concerns. Medicare Advantage companies, funded by the federal government, are incentivized to manage policyholders’ risks, potentially leading to overspending and profit-driven practices. The push for …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs …
Biden’s Dept of Fake Data persists in downplaying the dire jobs situation, risking the stability of the economy. Job openings are plummeting, mirroring past financial crises, as the consumer’s dwindling savings set off alarming warnings about impending economic turmoil. Biden's …
Consumer spending rose 4% in the July to September period, fueling a blowout quarter for economic growth, according to government data. — unusual_whales (@unusual_whales) October 31, 2023 https://twitter.com/RJRCapital/status/1719306931871834515
"The consumer is in excellent shape." Me: checking sales of luxury goods… – Gucci: -7%– Yves Saint Laurent: -12%– Bottega Veneta: -7%– Other: Balenciaga/Alexander McQueen etc: -15% Probably nothing. pic.twitter.com/dnhRqpGx0G — Genevieve Roch-Decter, CFA (@GRDecter) October 24, 2023 "Consumer spending …
Americans are about to hit a breaking point, according to Walmart’s CEO. Soaring prices are severely impacting consumer spending habits, and the world’s biggest retailer is worried about how this trend is going to affect its bottom line this fall …
Biden’s economic blunders sending America into a tailspin: Recession fears, skyrocketing inflation, and a sleepy president ignoring it all while you struggle to afford gas and groceries.
Wage growth is dropping fast. Down to 3.9% YoY for American Workers. 📉 That is now the lowest rate of wage growth since the pandemic started. And also below the 60-year average. Bad news for US Economy & Housing Market. …
Game over pic.twitter.com/2LvKu0YXdN — zerohedge (@zerohedge) October 4, 2023 The median income last year was $74,580 compared with $76,330 in 2021, according to the Census Bureau. The 2.3% drop in incomes was the most since 2010. It was the third-straight …
US Consumer Spending Is Signaling Pain Ahead: Credit Weekly (Bloomberg) — The US consumer is starting to buckle as rising gas prices crimp spending and the delinquency rate on credit cards reaches the highest level in more than a decade. …
“The financial condition of balance sheets in the consumer discretionary sector has severely deteriorated over the past few years It’s one thing to accumulate debt in a easy money environment, but quite another to operate a highly leveraged business in …
by confoundedinterest17 Bidenomics is terrible! Just a huge payoff to be big donors (the donor class) for green energy, Big Pharma and Big Defense. Now Biden is considering using ankle monitors to prevent illegal immigrants from leaving Texas and traveling …
