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February 18, 2025
Demand for physical gold is strong. Prices remain near the $3,000 level. What's going on with gold?Â
Today's topics include Jim discusses Mar-a-Lago accord, how can Bessent lower 10-year yields?, another change from pandemic times is sticking, mortgage rates take a slight dip, end of unicorn bubble, auto insurance rates, when does optimism turn into a stronger economy?, China's foreign investment outflow, a quick take on defense spending, and global energy usage.
Household debt in the U.S. stood at $18.04 trillion in the fourth quarter.
Credit utilization has risen since 2021.
People under 30 and over 70 hold a relatively small amount of debt compared to other age groups.
The average third party collection stood at $1631 in the fourth quarter.
Household debt broken down by delinquency status
Credit card debt is now 36% higher than it was pre-pandemic.
Mortgage originations remain well off the peak set in 2021.
Some interesting charts from our recent posts