Addicted To Gov? Government Worker Wage Growth Hits Record High As Savings Rate Falls To 3.7% (Acyclical Core PCE inflation Remains Extremely High) January 26, 2024 9:44 pm
Biden In Wonderland! Savings As Percentage Of GDP Goes Negative As Consumer Still Cope With Inflation Of Over 4.50% (But At Least Yield Curve Is Normalizing!) January 18, 2024 4:53 pm
China’s state-owned banks cut deposit rates to boost consumption, but impact on savings and consumption varies. December 22, 2023 8:42 am
Walmart adopts “Buy Now, Pay Later”; BNPL hit an all-time high on Cyber Monday up +42.5% YoY; Record year projected, amid high credit card debt and declining savings. December 20, 2023 10:11 pm
Inflation Hits Hard: Americans Face Soaring Prices, Plummeting Savings, and a 24% Surge in Restaurant Costs December 14, 2023 1:16 pm
The Reckoning Begins….Mortgage rates are over 7%. Student loan repayments have started again. There are no more pandemic handouts. Americans’ savings are depleted, and their credit cards are tapped out… December 8, 2023 10:11 pm
High Rates Deepen Divide Between Homeowners and Renters, Redfin Reports $100 Monthly Savings Amidst Rate Drop November 24, 2023 9:06 am
Urgent Economic Distress: Eurozone Faces Plummeting Sales and Savings, Germany’s Industry in Recession November 13, 2023 2:45 pm
Alarming Economic Signals: Record-Low Demand for Oil-Based Lubricants, Labor Market Fears, and Depleted Savings November 8, 2023 7:52 pm
Biden’s Dept of Fake Data Obscures Job Crisis: Consumer Savings Dwindle, Economy Teeters on Precipice November 3, 2023 9:48 am
Back In Red! Personal Savings As % Of GDP In The Red Under Bidenomics, Fed Losses Staggering As Deficits SOAR! (Bitcoin/Gold SOAR) October 29, 2023 12:00 am
Bidenomics At Work! Savings Rate Plunges As Spending Soars, Inflation Slows As Govt Wage Growth Nears Record High (Commercial Office Delinquencie On The Rise, San Francisco Soars To 30.4% In Q3) October 27, 2023 3:11 pm
Reality Check: U.S. Savings Rate Drops to 3.4%, Challenging Notion of ‘Excess Savings; Record High Retail Credit Card Rates at 28.93% – Up Nearly 20% Since 2021 October 27, 2023 1:44 pm
The dwindling US personal savings rate, now at levels reminiscent of the Financial Crisis, spells trouble for consumers. October 23, 2023 4:24 pm
FBI Warns of Dangerous New ‘Phantom Hacker’ Threat Wiping out Victims’ Life Savings, 3 phases of scam October 3, 2023 3:41 pm
US Excess Savings Depleted For Bottom 80% Of Households To Cope With Bidenomics (Home Affordability Hits All-time Low!) October 2, 2023 7:36 pm
Fed’s Beige Book August 2023: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending.” “Many contacts suggested “the second half of the year will be different” when describing wage growth. Ruh-roh… September 6, 2023 4:35 pm
‘US bond markets are witnessing a bear market of epic proportions, which could dent the returns for millions of pensioners and erode their hard-earned savings’ September 6, 2023 2:49 pm
US savings rates decline to 3.5% in July, marking their lowest level since 2008, marking their 24th consecutive monthly decline since mid-2022. US household debt reaches record-high $17.06 trillion. September 4, 2023 9:02 pm
JPMorgan predicts stocks may fall due to consumers spending excess savings from the pandemic. August 21, 2023 11:11 am
Lowriding! US Personal Savings Lower Than Pre-Covid As Core Inflation Still Hurts At 4.70% YoY (Large Bank Loan Volumes Shrank Last Week As Deposit Outflows Re-Accelerated) August 20, 2023 8:29 pm
Personal Savings GONE… Americans’ credit card debt breaks record of $1 trillion as interest rates climb August 18, 2023 10:53 am
Shoplifting out of control – Rising theft has come with higher credit card debt and declining US savings. August 17, 2023 10:24 am
Consumers face financial troubles as excess savings deplete by September 2023… New consumer debt numbers are scary! August 16, 2023 3:47 pmAugust 16, 2023 1:04 pm
46% of renters struggle financially, 36% have more debt than emergency savings. Owning a home has become a luxury August 10, 2023 11:00 am
Apple Card’s Savings account blows past $10 billion in deposits (that likely means $10B in capital flight from banks paying a piddly .15% on checking accounts) August 3, 2023 3:03 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