Today's topics include Yellen reiterates early june debt ceiling deadline, banks' "economic value of equity", will Fed hit its 2% inflation target?, a look at fund flows in 2023, energy inflation, quantifying the hype surrounding AI, and crypto volatility
Today's topics include Jim's view on the bank walk, Bullard wants higher rates, 0DTE options, on the equity rally, food price inflation, what will a recession mean for the labor market?, more on the debt ceiling, deciphering the JOLTS report, gold?, buying a house in this market, and BoJ still has an inflation fight
Household debt in the U.S. rose to $17.05 trillion in the first quarter.
Credit utilization remains historically low, but is on the rise.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection totaled $1316 in the first quarter.
Household debt broken down by delinquency status
Credit card debt is now 10% higher than it was pre-pandemic.
Mortgage originations slowed markedly for the seventh quarter in a row.
Some interesting charts from our recent posts