Today's topics include all eyes on Jackson Hole, Fed officials push back on a large rate cut, inflation expectations, the art of stock picking, T-bill issuance, hedging against the next downturn, companies not concerned about a recession, the commodity super-cycle, and more on the shipping industry
Today's topics include the impact of potential 2024 cuts, digging into the selloff & rebound, where is the slowdown?, a brief uninversion, money markets hit fresh record, good news is good news but don't forget to tell the Fed, equities not pricing in higher crude prices as U.S. economy seems resilient, yen carry trade is returning after brutal unwind, buying the rebound in Japan, and how executives think about inflation
Household debt in the U.S. stood at $17.80 trillion in the second quarter.
Credit utilization remains historically low, but has risen since 2021.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection stood at $1609 in the second quarter.
Household debt broken down by delinquency status
Credit card debt is now 28% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts