by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 Consumers debt service payments relative to income rose somewhat in the fourth quarter to 9.8%, .Consumer debt in relation to income is slightly higher than it was a couple of quarters ago as the result of a rapid increase in credit card debt. But the...
by sslifer | Apr 4, 2024 | NumberNomics Notes, Retail Sales
April 4, 2024 Unit car and truck sales fell 1.3% in March to 15,489 thousand after having jumped 5.5% in February. The supply challenges that had curtailed car sales for more than two years has ended. The supplier delivery component of the purchasing managers’...
by sslifer | Apr 4, 2024 | Federal Reserve, NumberNomics Notes
April 4, 2024 M-2 consists of funds that businesses can use to pay their workers, pay the rent, and keep the lights on, or that consumer can use to pay their rent or mortgage, their car loan, or buy food. Thus, it is a measure of liquidity in the economy. In March...
by sslifer | Apr 4, 2024 | Industrial Production, NumberNomics Notes, Reference Charts (By Category)
April 4, 2024 Commercial and industrial loans have declined 1.5% in the past year as both large and small banks are being more cautious about lending as the result of the failure of two medium-sized banks last year Silicon Valley Bank and First Republic Bank) which...
by sslifer | Apr 4, 2024 | Housing, NumberNomics Notes
April 4, 2024 Real estate loans have been growing steadily for a number of months. Specifically, they rose at a 4.4% pace in February. That means that they have risen 2.9% in the past year. If home sales quicken this year, as expected, mortgage loans should also...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 The economy has been chugging along at about a 2.5% pace. Consumer loans growth in the past year has been climbing at a roughly comparable 2.9% pace. Nothing too surprising with the extent of consumer borrowing from banks. Rather than borrowing from a...
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