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NY Fed Q2 Report: “Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise”

From the NY Fed: Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $192 billion (1.4%) to $13.86 trillion in the […]

Stock

MBA: “Mortgage Delinquencies Rise in the Second Quarter of 2019”

From the MBA: Mortgage Delinquencies Rise in the Second Quarter of 2019 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.53 percent of all loans outstanding at the end of the second quarter of 2019, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The […]

Stock

Small Business Optimism Index Increased in July

CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”. From the National Federation of Independent Business (NFIB): July 2019 Report: Small Business Optimism Index The Optimism Index rose 1.4 points to 104.7, an exceptional reading. Seven of the 10 components […]

Insurance

Personal Finance Habits that Everyone Should Follow

Personal Finance refers to the management of financial and monetary decisions of an individual or family. It is helpful in making key financial decisions such as creating budget, purchasing financial products (like insurance, mortgage & credit cards) and investment planning to ensure optimum returns. It’s wise to implement disciplined financial practices, as it facilitates you […]

Tax

The economic mainstream is biased: who’d have thought it?

Mohsen Javdani, who is Associate Professor of Economics at the University of British Columbia, and Ha-Joon Chang is Professor of Economics at the University of Cambridge have a fabulous article on Brave New Europe. I strongly recommend it. The summary is as follows: Mainstream (neoclassical) economics has always put a strong emphasis on the positivist conception of […]

Stock

Eliminating that Factor Home Bias

Investors have flocked to single factor ETFs with $90 BN in flows over the past 10 years. However, when dissecting these flows further, one can’t help but notice that U.S. factor ETFs have captured the majority of flows and investor adoption of international factor ETFs has lagged.[1] While investors have embraced both U.S. single factors […]