Global Economic News and Analysis
Written by Steven Hansen Econintersect analysis is that total consumer credit growth decelerated 0.1% month-over-month, and the year-over-year growth is 5.9%. The seasonally adjusted consumer credit headlines are showing a growth of 5.25%. The underlying dynamics are very interesting this month as all the growth can be attributed to student loans – all while student …
Continue reading “January 2014 Consumer Credit: Credit Card Use Up”
Written by Steven Hansen A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2013 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset. We have also modeled a Joe who …
Continue reading “Joe Sixpack’s Situation in 4Q2013: Joe Is Not Feeling Rich”
Written by Steven Hansen Econintersect analysis is that total consumer credit growth accelerated 0.1% month-over-month, and the year-over-year growth is 6.2% – up marginally from last month. The seasonally adjusted consumer credit headlines are showing a growth of 4.5% – the headline numbers are extremely noisy. Credit card growth was up in December compared to …
Continue reading “December 2013 Consumer Credit: Credit Card Use Up”
Written by Steven Hansen Econintersect analysis is that total consumer credit growth has decelerated 0.1% month-over-month, and the year-over-year growth is 6.1% – down marginally from last month. The seasonally adjusted consumer credit headlines are showing a growth of 4.75% – the headline numbers are extremely noisy. There was significant backward revision to the data, …
Continue reading “November 2013 Consumer Credit Rate of Growth Slows”
Written by Steven Hansen A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2013 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset. We have also modeled a Joe who …
Continue reading “Joe Sixpack’s Situation: 3Q2013 View Continues to Improve but at Slower Rate”