New credit card and auto loan delinquencies have now surpassed pre-Covid levels August 15, 2023 12:01 pm
Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit – “most economists say little to none of the drop came from the law.” WOW! WHAT A SHOCKER? August 13, 2023 8:03 pm
Bidenomics: The Good, The Bad And The Ugly (Atlanta Fed GDP At 4.12% For Q2, Bank Credit Growth Goes Negative, Confernce Board Leading Indicator Goes Negative, REAL Gross Domestic Income Growth = -0.82%) August 12, 2023 9:17 pm
The Commercial Real Estate/Small Bank Boogie! CRE Crisis Could Cause Small Banks To Collapse (Bank Credit Growth Now Negative As 10Y-2Y Yield Curve Remains Inverted) August 11, 2023 3:38 pm
Bankruptcies steady drumbeat- JP Morgan… Credit is the next shoe to drop says Guggenheim CIO August 11, 2023 3:09 pm
Is Fed Chair Powell Actually Cap’n (Credit) Crunch? US Money Supply Has Shrunk For Eight Months In A Row As Bank Credit Slows To -0.2% YoY August 10, 2023 3:50 pm
Bond credit ratings companies slow to act, more bank failures on the way. August 9, 2023 9:41 pmAugust 9, 2023 4:01 pm
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
Revere Repo Alert! Reverse repo counterparties list updated: Farm Credit Bank of Texas, Credit Suisse AG, New York Branch, and Schwab US Treasury Money Fund have been added to the list of reverse repo counterparties, effective August 8, 2023 August 8, 2023 3:32 pm
New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking… August 8, 2023 3:16 pm
The American credit card fiasco has come to an end… revolving credit fell -$600M , the first decline in 2yrs… Shrinking number of Americans can afford a $400 emergency expense … August 7, 2023 8:35 pm
Prestige Biotech, a Chinese biotech firm, an illegal California lab and received a $360,000 tax credit, thanks to Gavin Newsom’s office. August 5, 2023 9:41 pm
Global debt levels are indeed high, and Fitch’s downgrade of its U.S. credit rating may just be the start. August 2, 2023 9:48 pm
2023 financial statistics show record high US debt, $1 trillion annual interest expense, high credit card debt, and 20.69% average interest rate. August 2, 2023 9:31 pm
American credit rejection rate rises to 21.8%, highest since June 2018, indicating tougher borrowing conditions. August 2, 2023 3:48 pm
American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards. August 1, 2023 8:41 pm
Global credit downgrades have gone up while banks have been making it harder to get loans August 1, 2023 11:02 am
Tapped-out consumers are finally balking at overpaying for used cars and more than half of auto dealer credit applications for buyers are being denied August 1, 2023 10:43 am
Federal Reserve Alert! July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices. Banks plan to further tighten lending standards across all loan types. Why? Expected decline in collateral value, Anticipated decrease in credit quality, Predicted liquidity challenges, & Deposit Outflows. July 31, 2023 3:53 pm
Bidenomics? C&I Lending Growth Crashes Along With Bank Credit Growth (WTI Crude Oil UP 1% This Morning) 30-year Mortgage Rates At 7.27% July 31, 2023 10:24 am
