Category Archives: US Economy
US households close to end of deleveraging
US Banks’ Balance Sheet Repair
Student Loans – Crisis?
Here’s the latest press release from the New York Federal Reserve: NEW YORK – In its latest Quarterly Report on Household Debt and Credit, the Federal Reserve Bank of New York today announced that student loan debt reported on consumer credit reports reached $904 billion in the first quarter of 2012, a $30 billion increase… Read More »
Risk-on or Risk-off
The chart below plots the ratio of Morgan Stanley Cyclical Index (CYC) to Morgan Stanley Consumer Index (CMR). Ratio of Cyclical Index to Consumer Index The direction of this ratio tells us what the markets expect for the US economy. Since the ratio peaked on March 15, it has been trending down, implying that cycle… Read More »