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Home / Tag Archives: Economic Releases

Tag Archives: Economic Releases

Consumer sentiment, current account

The current account deficit in the US widened by $59 billion, or 52.9%, to $170.5 billion in Q2 2020, the biggest gap since Q3 2008. It is equivalent to 3.5% of the GDP, compared to 2.1% in Q1. It mostly reflects an expanded deficit on goods and reduced surpluses on primary income and on services. All major transactions declined in part due to COVID-19, as many businesses were operating at limited capacity or ceased operations, and the movement of travelers across borders...

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Loans, interest margins

Business precautionary draw downs of lines of credit caused the spike, followed by a contraction as operational needs contract: Growth in real estate loans is slowing: Consumer borrowing dropped with the stimulus checks and then has flattened: Pause, recovery, and then a leveling off:

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Personal consumption, personal spending, rig count

Settling down as fiscal transfers subside, but still elevated: Income falling faster than consumption is growing: Real Personal Income less Transfer Payments Transfer payments decreased by $70 billion in July, but were still $1.7 trillion (on SAAR basis) above the February level. Most of the increase in transfer payments – compared to the level prior to the crisis – is now from unemployment insurance. However, there will be sharp decline in unemployment insurance in...

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