Today's topics include Fed officials weigh in after inflation release, focus on the speed of inflation's descent rather than when it peaks, struggling shorts, rising rents, more signs of housing's slowdown, the jobs market, the UK getting hit hard, earnings, and zombie companies slow innovation
Household debt in the U.S. rose to $16.15 trillion in the second quarter.
Consumers are being cautious with their lines of credit, using just 21% of their credit limit.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection totaled $1239 in the second quarter, just off the lowest level since Q4 2006.
Household debt broken down by delinquency status
Outstanding credit card debt remains below pre-pandemic levels. This was likely due to a lack of spending options during quarantines alongside increased savings accounts from government stimulus checks.
Mortgage originations slowed markedly in the second quarter.
Some interesting charts from our recent posts.
CPI came in lower than expectations for the first time in almost a year. Projecting where inflation will be at year-end is an impossible task, but running through several scenarios offers some perspective.
Today's topics include hedge funds' poor returns, oversupply in the housing market, exiting alternative investments, Putin dominates energy markets, retail trading activity, criticizing the BoE, bond markets & the economy, and US consumer loans