Charts of the Week
Breaking Down Household Debt by Age Group
August 27, 2021
People under 30 hold a relatively small amount of debt compared to other age groups.
People under 30 hold a relatively small amount of debt compared to other age groups.
The percentage of consumers with debt at a collection agency has fallen over the past couple years.
Household debt broken down by delinquency status
Outstanding credit card debt has declined from pre-pandemic levels. This was likely due to a lack of spending options during quarantines. More recently, stimulus checks helped consumers pay off debt.
The second quarter saw a record $1.22 trillion in mortgage origination.
Some interesting charts from our recent posts
Ben Breitholtz joins Oliver Renick to discuss the seasonality of inflation and how it affects the different areas of the market, and he shares one key metric that will ultimately decide how high inflation goes. Financial Times: Jay Powell must explain what patience means Martin Sandbu – Tomorrow’s Jackson Hole Symposium is the most important… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 26th, 2021
During tomorrow's Jackson Hole Symposium, we will be focusing on a secondary aspect to Powell's speech. What kind of off-ramps will he lay out to give the Fed some wiggle room?
Today's topics include Will Powell equivocate at Jackson Hole?, margin debt ticks lower for first time since March 2020, work from home, the great resignation, gold as a hedge, shipping logjams, CBDCs, and did the extra unemployment benefits matter?
Jim Bianco joins Bloomberg’s “The Open” on 8/25/21 Alex Malitas: https://www.economist.com/finance-and-economics/2021/08/22/the-new-powell-doctrine?utm_campaign=editorial-social&utm_medium=social-organic&utm_source=twitter Ben Breitholtz: Isn’t this the same debate we’ve seen since 2009?! This is one way to do it! *DELTA AIR LINES TO IMPOSE $200/MO FEE ON UNVACCINATED EMPLOYEES We have not seen investors have this level of complacency since July 2014 when the Fed’s… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 25th, 2021
With the delta variant surging across the country, we are beginning to see mobility data, specifically transit and the return to the office, showing signs of declining. Retail has not been hit as hard.