December 4, 2023 | Auto loan delinquency ratios have ticked up, mirroring banks’ hesitance to lend.
Why It Matters: Highly sensitive to interest rates, auto loans can be a powerful forecaster of the economy’s health. Delinquencies may signal challenges ahead.
Source: DiMartinoBooth
...December 4, 2023 | The Impact of rising rates in the Europen Union (EU) is apparent, as data consistently falls below estimates.
Why It Matters: To gauge the EU’s economy, there’s a need to focus on specific rates and regions.
Vulnerable to rate hikes, the Southern EU region offers early signs of broader effects. Source: Gavekal
December 4, 2023 | Preliminary data indicate spending on Black Friday and Cyber Monday came in strong. Why It Matters: Despite a slight uptick, consumer savings rates have trended downwards since 2nd Quarter 2023.
Lower Savings = More Spending = Economic Boost Source: dailycharbook, Source Financial Advisors
...December 4, 2023 | U.S. Gross Domestic Product (GDP) exceeded expectations, surging +5.3% thanks to robust consumer spending and inventory restocking.
Why It Matters: This underscores the economy’s resilience driven by consumer spending – an indicator of sustained economic dynamism.
Source: SoberLook
November 20, 2023 | Mexico’s economy is bustling, with auto exports and manufacturing production at unprecedented levels.
Why It Matters: The rapid shift to friend-shoring is is underway. This likely spells great economic news for Mexico and other Latin American countries.
Source: SoberLook
...November 20, 2023 | Commercial real estate and the forgotten office building are under pressure as loan delinquencies increase.
Why It Matters: There’s a consensus this is a troubled area post-Covid, and rising interest rates compound these problems, need to keep an eye on it.
Source: Torsten Slok
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