Oh Deary, No, Our Drunken Sailors Did Not Suddenly Sober Up, on the Contrary by Wolf Richter • Dec 1, 2023 • 161 Comments They Out-Spent and Out-Earned inflation without breaking a sweat, and saved some too.
Money Market Funds, Large CDs, Small CDs All Surged: Americans Figured it Out by Wolf Richter • Nov 24, 2023 • 144 Comments Banks, forced by competition from money market funds, got the memo.
Credit Cards, the Biggest Payment Method: Balances, Burden, Delinquencies, Available Credit: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 9, 2023 • 132 Comments Only 2% of credit card users are delinquent, according to new data from the New York Fed; 98% are current.
Auto Loan Balances, Interest Rates, Subprime Delinquencies, Cash Buyers, Tight Credit: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 8, 2023 • 68 Comments Those who can, pay cash to avoid the interest rates. Subprime credit tightens substantially.
Mortgage & HELOC Balances, Delinquencies, Foreclosures: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 7, 2023 • 101 Comments Where’s the hangover from the party?
Our Drunken Sailors – Consumers, Governments, Businesses – Have Blast, GDP Spikes in Q3, Powell Seen Tearing out his Hair by Wolf Richter • Oct 26, 2023 • 189 Comments The much-awaited and hoped-for slowdown in the second half turned into a drunken party in Q3.
Our Drunken Sailors Got Revised and Updated, but They’re Still Partying by Wolf Richter • Sep 29, 2023 • 92 Comments Income from all sources minus government transfer payments outruns inflation again.
My “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes by Wolf Richter • Sep 24, 2023 • 216 Comments It’s just not the same anymore with QT and rate hikes. Household balance sheets by wealth category.
Our Drunken Sailors Are Drinking Directly from the Punch Bowl: Powell, Did You See That? by Wolf Richter • Aug 31, 2023 • 253 Comments But they’re earning more than they’re spending, and despite spending like drunken sailors, they’re saving a lot.
How Many Americans Have Interest-Bearing Credit-Card Debt? by Wolf Richter • Aug 19, 2023 • 165 Comments Not everyone has credit cards, and only a portion of those that have credit cards have revolving balances that accrue interest: a stroll through the data.
