Credit Card “Delinquency Rates” Drop for 4th Month despite Confusion over NY Fed’s “Transition into Delinquency Rates” by Wolf Richter • Aug 9, 2024 • 84 Comments Measuring a level at month-end versus a flow over the past 12 months: Descend with us into delinquency geekdom.
Auto Loans, the Burden of Auto Loans, Subprime Lending, and Delinquencies in Q2 by Wolf Richter • Aug 8, 2024 • 94 Comments Delinquency rates unchanged, more buyers paid cash to dodge interest rates, prime is pristine, subprime (14% of originations) is (always) in trouble.
Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 7, 2024 • 75 Comments Delinquencies mostly edged down. Foreclosures form a frying pan pattern.
Household Debt, Delinquencies, Collections, and Bankruptcies: Our Drunken Sailors and their Debts in Q2 by Wolf Richter • Aug 6, 2024 • 96 Comments Total debt rose over the years as a larger population financed more costly collateral. But income rose too.
Despite the Recession-Emergency-Rate-Cut Buffoonery, the Services Sector Expands Strongly on Growth in New Orders & Employment. Inflation Pressures Still On by Wolf Richter • Aug 5, 2024 • 95 Comments What a bummer. Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled.
Economy Re-Accelerates in Q2. Our Drunken Sailors Splurge on Durable Goods, Investment Jumps, Federal Gov Undoes Blip by Wolf Richter • Jul 25, 2024 • 67 Comments Our Drunken Sailors are back at it, but in moderation, so to speak, their feathers largely unruffled by interest rates.
Our Drunken Sailors Leaving the Party? Nah, Not Yet: Incomes, Transfer Receipts, Spending, Saving, and Inflation by Wolf Richter • Jun 28, 2024 • 126 Comments After getting whacked by inflation, incomes have now outrun inflation for the 17th month in a row.
Our Drunken Sailors Bought Lots of Stuff at Retailers, including Vehicles, But at Prices that Fell from the Pandemic Spike by Wolf Richter • Jun 18, 2024 • 56 Comments Inflation-adjusted consumer spending & GDP will reflect that strength.
The Desire to Be “Your Own Boss” in America by Wolf Richter • Jun 9, 2024 • 124 Comments “You can’t always get what you want… but if you try sometimes, well, you might find, you get what you need…”: The Rolling Stones
Subprime Auto Loans Are Getting Messy by Wolf Richter • May 18, 2024 • 69 Comments Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape
