Our Drunken Sailors Are at it Again, Not at All in the Mood for a Slowdown or a Recession by Wolf Richter • Aug 30, 2024 • 161 Comments Inflation-adjusted consumer spending jumped. They splurged on durable goods. And still saved some. In response, the Atlanta Fed’s GDPNow jumped.
These Retail Sales, in Face of Dropping Prices of Goods Retailers Sell, Support Solid Growth in “Real” GDP & Inflation-Adjusted Consumer Spending by Wolf Richter • Aug 15, 2024 • 147 Comments Our Drunken Sailors are in No Mood to slow down. Massive waves of migrants also boost retail sales.
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.
