Today's topics include daily dose of crypto news, regulating crypto, differing views on the return to the office, tighter jobs market in the US, Japan's 10-year, on CEO's pay in 2020, watching bonds, a new era of economics, and predicting the economic boom sequel
Yesterday Jim was the guest on Real Vision’s Daily Briefing with Ed Harrison. They discussed the transitory debate on the inflation front, how the 10-year is the center of the markets, the expectation for more inflation, network effects, meme stocks, rents’ impact on inflation, and the surge in banks’ usage of the reverse repo facility… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – May 28th, 2021
Household debt in the U.S. rose slightly to $14.64 trillion in the first quarter.
Consumers are being cautious with their lines of credit, using just 20% of their credit limit.
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, although the average collection amount has risen.
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 first quarter saw $1.14 trillion in mortgage origination, just off the record set in the previous quarter.
Some interesting charts from our recent posts
Today's topics include the transitory debate, a record day at the Fed's reverse repo facility, downplaying the Fed's dot plots, more on capex, declining productivity, meme stocks return, crypto vs. gold, and defined benefit funds look to lock in gains