Economy
Household Debt Delinquency Status
November 17, 2023
Household debt broken down by delinquency status
Household debt broken down by delinquency status
Credit card debt is now 21% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts
Today's topics include discussing soft landing hopes, some pushback on the rate cutting narrative, the problems with bloated central bank balance sheets, massaging Treasury issuance, Dudley on Treasury market stability, a bond market pivot, more on housing's effect on inflation, Chinese wealth inequality, and 'tis the season?
The shift to electric vehicles continues to accelerate. Demand for rare earth metals such as cobalt remains strong while demand for inputs to internal combustion engines like palladium declines.
Today's topics include more on yesterday's inflation report, Timiraos calls an end to rate hikes, the markets' reaction to benign inflation, a soft landing?, the real cost of owning a home, valuing a low mortgage rate, and the rising cost of servicing debt
Inflation came in slightly lower than expected in October. In order for the year-over-year decline to continue, month-over-month CPI growth will have to average less than 0.15% the next couple months.
Today's topics include time to buy small cap stocks?, ICBC ransomware attack fallout continues, how long will QT last?, where do investors allocate capital in a higher rate enviornment?, higher rates slow CapEx spending, focusing on deficits, buying bonds, the price of gas, is high yield the trade of 2024?, the sad thing about consumer sentiment, clock running on another government shutdown, commercial real estate is really in a pickle, and shifting to T+1 settlement