Recession Watch: This Labor Market is Not There Yet, Nor Are Consumers by Wolf Richter • Aug 25, 2022 • 183 Comments Over the decades, recessions were preceded by spikes in unemployment claims. We keep our eyes on them as the recession watch has begun.
Are Federal Student Loans Even “Loans?” From Forbearance to Forgiveness to Taxpayer Expense. Fairer: Allow Bankruptcy by Wolf Richter • Aug 7, 2022 • 271 Comments The educational-industrial complex is laughing all the way to the bank.
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
People Trying to Dodge Legal Usury: Credit Card Balances, Delinquencies, Third-Party Collections, and Bankruptcies in Q2 by Wolf Richter • Aug 3, 2022 • 105 Comments Buy-Now-Pay-Later (BNPL) Lenders Face Tougher Reality.
Nope, Auto-Loan Delinquencies and Repos Are Not “Exploding”: They Rose from Record Lows and Are Still Historically Low by Wolf Richter • Aug 2, 2022 • 68 Comments The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
American Consumers Are Tough: Inflation Eats Their Income, But No Problem, They Still Outspend Inflation by Wolf Richter • Jul 29, 2022 • 272 Comments Though spending is slowly shifting back to services, consumers still binged on durable goods.
GDP Sunk by Plunge in Private Investment, Drop in Government Spending. Consumer Spending Rose Despite Raging Inflation by Wolf Richter • Jul 28, 2022 • 225 Comments What Powell had indicated: Consumers hung in there, amid strong labor market, surging wages. But private investment plunged, incl -14% in residential.
What Freight Volume and Freight Rates Say About the Shift of Consumer Spending from Goods Back to Services by Wolf Richter • Jul 18, 2022 • 64 Comments Freight volume is down from the red-hot levels last year, but remains relatively high, after the grotesquely overstimulated demand last year.
Americans Not in the Mood for a Recession: Splurging on Goods, Flocking to Restaurants by Wolf Richter • Jul 15, 2022 • 294 Comments But inflation is eating everyone’s lunch.
Consumer Spending Shifting Back to Services from Stimulus-Binge on Goods. Inflation Eats into Incomes by Wolf Richter • Jun 30, 2022 • 121 Comments Some demand destruction due to high prices, particularly gasoline. Shortage of new vehicles not helpful for spending on durable goods.
