revolving

Consumer revolving credit in the US just fell off of a cliff! Fed repeats 2007 error: Fighting inflation while recession looms in 2025.

I can do this ALL DAY in CPG. The consumer is dead pic.twitter.com/5vRBTU6sKF — USA Divides by 32 (@sabregold19991) January 8, 2025 Consumer revolving credit in the US just fell off of a cliff. The last 6-month drop is even larger than the drop seen in 2008, 2nd largest behind 2020. What is happening here? …

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More than HALF of CDC staff leave to work for Big Pharma and ‘revolving door’ of workers at public agency makes it vulnerable to corruption

Over a third of people appointed to the HHS leave to take jobs in private sectors Republican presidents were more likely to appoint people directly from industry READ MORE: ‘Patient influencers’ are being paid by big pharma More than half of Centers for Disease Control (CDC) staff go on to work for big pharma, a …

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Both tax receipts and US revolving consumer credit are down

by DesmondMilesDant 40.3 points in August from 41.3 in July '23, US Economic Optimism Index drops again. Lowest since October. A hint for the wise is enough. pic.twitter.com/5VfoIjjV7i — Don Johnson (@DonMiami3) August 8, 2023 “Soft landing” news on @business is now higher than in 2000 and 2007. #macro https://t.co/4hl26TWkMQ pic.twitter.com/j329uSp4ch — Kantro (@MichaelKantro) August …

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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 …

The American credit card fiasco has come to an end… 🫡 pic.twitter.com/CPOuXQPdXL — Don Johnson (@DonMiami3) August 7, 2023 The decline in revolving credit outstanding suggests Americans may be starting to cut back on credit card usage – BBG notes “If sustained, a broader spending pullback could threaten the expansion” Yes, obviously (credit card debt …

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The revolving door between the Financial Services Committee and lobbying firms is crazy

Robinhood has spent $1.3M lobbying on “issues related to market infrastructure” over the last year. Their lobbyists worked for the House Financial Services Committee as recently as 2019. The revolving door between the Financial Services Committee and lobbying firms is crazy: pic.twitter.com/9YDbLhQfRs — Quiver Quantitative (@QuiverQuant) July 25, 2023

In April, consumer credit (AKA consumer DEBT) increased at a seasonally adjusted annual rate of 5.7%. Revolving credit (credit cards) increased at an annual rate of 13.1% , while nonrevolving credit (student loans, personal loans, mortgages) increased at an annual rate of 3.2%.

by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf Remember, From 1st quarter 2022 to 1st quarter 2023, total household debt has increased $1,205 billion to $17.05 trillion (+7.57%)–Mortgage balances ($864 billion), HELOC ($22 billion), Student loans ($14 billion), Auto loans ($93 billion), Credit Card debt ($145 billion), Other ($67 billion): Total household debt has risen by $148 billion, or 0.9 percent, …

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