Consumer borrowing rose $19.3 billion in December

With the federal deficit coming down it takes more consumer and business borrowing to keep GDP (modestly) growing. And note that student loans are reportedly responsible for half the gain. Looks to me like it’s going to take a lot more consumer debt growth just to start lowering the output gap. The largest gains are […]

Consumer Borrowing Rises $5.1 billion

Down a bit from April, but the larger question is whether higher gasoline prices led to more borrowing to buy what previously was bought from income. Yes, savings is growing, but that is mainly in the form of reduced and unwanted private sector debt, and not dollars in savings accounts. Consumer Borrowing Rises for Eighth […]

2009-02-06 USER

[Skip to the end] Change in Nonfarm Payrolls (Released 8:30 EST) Change in Nonfarm Payrolls YoY (Released 8:30 EST) Nonfarm Payrolls ALLX (Released 8:30 EST) Unemployment Rate (Released 8:30 EST) Unemployment Rate ALLX 1 (Released 8:30 EST) Unemployment Rate ALLX 2 (Released 8:30 EST) Change in Manufacturing Payrolls (Released 8:30 EST) Change in Manufacturing Payrolls […]

2008-10-07 USER

[Skip to the end] ICSC UBS Store Sales YoY (Released 7:45 EST) ICSC UBS Store Sales WoW (Released 7:45 EST) Redbook Store Sales Weekly YoY (Released 8:55 EST) Redbook Store Sales MoM (Released 8:55 EST) ICSC UBS Redbook Comparison TABLE (Released 8:55 EST) Consumer Credit (Released 15:00 EST) Consumer Credit TABLE 1 (Released 15:00 EST) […]

2008-09-08 USER

[Skip to the end] Consumer Credit (Released 15:00 EST) Consumer Credit YoY (Released 15:00 EST) Consumer Credit TABLE 1 (Released 15:00 EST) Consumer Credit TABLE 2 (Released 15:00 EST) Consumer Credit (Jul) Survey $8.5B Actual $4.6B Prior $14.3B Revised $11.0B   Lower than expected which could mean there was less spending than expected. This is […]

2008-08-07 US Economic Releases

[Skip to the end] Initial Jobless Claims (Released 8:30 EST) Continuing Jobless Claims (Released 8:30 EST) Jobless Claims TABLE 1 (Released 8:30 EST) Jobless Claims TABLE 2 (Released 8:30 EST) Pending Home Sales MoM (Released 10:00 EST) Pending Home Sales YoY (Released 10:00 EST) Pending Home Sales Total SA (Released 10:00 EST) Pending Home Sales […]

2008-07-08 US Economic Releases

[Skip to the end] ICSC-UBS Store Sales YoY (Released 7:45 EST) Redbook Sales YoY (Released 8:55 EST EST) Pending Home Sales MoM (Released 10:00 EST) Pending Home Sales YoY (Released 10:00 EST) Wholesale Inventories MoM (Released 10:00 EST) Wholesale Inventories YoY (Released 10:00 EST) Consumer Credit (Released 15:00 EST) ABC Consumer Confidence (Released 17:00 EST) […]