The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period. Both are now at new highs.
Private pension funds have much smaller funding gaps than their government counterparts.
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.
Over the past couple quarters, households' real estate equity actually surpassed stock ownership.
Personal consumption continues to make up a larger portion of U.S. GDP as time progresses.
Roughly 45% of FDIC deposits in the U.S. are uninsured.
U.S. equity net issuance shrunk by $210 billion in the fourth quarter.
A long-term look at inflation-adjusted gold
Some interesting charts from our recent posts
First Republic is looking into a potential sale. This brings into question whether other regional banks are still at risk of losing deposits. These banks are critical sources of lending in the U.S., so any sustained loss of deposits would have a material effect on the economy. A hike in deposit rates and further FDIC assurances could help stem the outflows.
China's holdings of U.S. Treasuries has fallen almost every month since February 2021.
Today's topics include take profits before the Fed, taking a chunk out of the banks, market 'doublethink', crisis? what crisis?, trouble in liquidity land, capital investments, rethinking bailouts, and on Credit Suisse