Total Household Debt Now Has US Auto Loans Over $1 Trillion
Auto loan originations were shown in the New York Fed report to have reached a 10-year high in the second quarter.
Economy
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Newest first · Page 256Retail Sales Tick Higher in July
Investors and economists have been looking for the consumer to drive the economy, particularly as about 70% of gross domestic product comes from the consumer spending component.
Import and Export Prices Back to Deflation, Even Before China Devalued
With China devaluing its currency, the fears will be brought up all over again about global deflation being exported from the world's largest manufacturing destination.
Weekly Jobless Claims Tick Higher
The U.S. Department of Labor has released its reading on weekly jobless claims for the first week of August.
Despite China, NY Fed Dudley Still Expects Fed Rate Hike
Unfortunately, most of his speech was broader, about the changing developments and reinvention of the modern workforce, rather than being pointed about any major direction on interest rates.
Credit Suisse Opines on Chinese Devaluation
Credit Suisse's Andrew Garthwaite has taken a look at the renminbi devaluation. His view is that China will end up depreciating a little more than the forward curve is currently anticipating.
As Corruption and Oil Production Rule, Moody’s Cuts Brazil’s Rating
Moody's has downgraded Brazil's debt. Among the primary drivers were not the recent scandals, but the level of debt the country has created.
June Wholesale Trade Could Impact GDP Revision
The reading for wholesale trade in June came out with some mixed fanfare on Tuesday. It will play into GDP revisions for the second quarter.
Nonfarm Productivity Ticks Back Up With Rise in Labor Costs
Nonfarm productivity managed to post a small gain in the second quarter of 2015. While that gain was smaller than expected, there may be some relief here that productivity went back up.
July Small Business Optimism Ticks Higher
The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for July.
Happy Ending in Sight According to Atlanta Fed President
Atlanta Fed President Dennis Lockhart spoke Monday afternoon, addressing concerns of unemployment and when the Federal Reserve rate hike will occur.
Homes Worth $200 Million at Risk Due to California Wildfire
The huge Northern California Rocky Fire has burned 70,000 acres and is not close to being contained. Homes valued at over $200 million are at extreme risk.
Weekly Jobless Claims Create No Change to Unemployment Expectations
The U.S. Department of Labor said jobless claims came in at 270,000 last week, a little less than the Bloomberg consensus estimate.
Layoffs Hit Worst Tally in 4 Years
Challenger, Gray & Christmas has released its monthly job cuts for July, and it is ugly. The last time more job cuts were announced was back in September 2011.
Greek Unemployment Still at 25%
The Greek statistics bureau Elstat reported that unemployment dropped in May, but it would be misleading to call this change progress.