Charts of the Week
Credit Card Debt 22% Above Pre-Pandemic Levels
February 16, 2024
Credit card debt is now 22% higher than it was pre-pandemic.
Credit card debt is now 22% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts
Jim Bianco joins Fox Business to discuss Supercore Inflation, Consumer Spending & Gas Prices with Charles Payne.
Today's topics include El-Erian stresses the importance of a balanced perspective, Claudia Sahm on when the Fed should cut, even more on inflation, credit spreads & stocks, similarities to the dot-com bubble, chaotic world doesn't shake growth, commercial real estate, and investors avoiding China
Wall Street starts with the conclusion that we are in the "last mile" of the battle against inflation and the economy is "normalizing" to its pre-pandemic rules. They are missing the signs that year-over-year headline CPI may not get below 3% in the next several months and the hopes of many rate cuts could be dashed.
Today's topics include Jim discusses active versus passive management, more on yesterday's CPI release, payrolls & CPI take wind out of bonds' sails, rate cut hopes disappearing fast, who is exposed to commercial real estate?, government finances, globalization, and is Nvidia the Cisco of the current tech run?
Inflation came in slightly above expectations in January. Supercore inflation, a measure closely watched by the Fed, rose for a third straight month. A May rate cut is now in doubt.
Today's topics include all in on tech rally, calls for recession are fading, stock bond divergence, more on commerical real estate struggles, watching liquidity in Europe, who knew saving harms wealth?, new hedge fund rules deem them "systemically important", and Bitcoin tops $50k again