Household Debt Ratios Quickly Sink to New Lows

Household Debt Ratios Quickly Sink to New Lows

Household debt ratios for the third-quarter plummeted to levels not seen in more than 40 years. The Financial Obligations Ration (FOR) dropped 100 basis points (bps) over the past year, while the Debt Service Ratio (DSR) has declined 72 bps since the third-quarter of 2019, based on figures released by the Federal Reserve. The sharp…

Consumer Confidence Calamity

Consumer Confidence Calamity Lurks Despite Dec Bump

Consumer confidence calamity rebounded a tad in early December with the prospects of a long-delayed stimulus package being passed before the holiday break, the beginning of COVID-19 immunizations and the U.S. Supreme Court and Electoral College finally squelching voter fraud claims propagated by extremists. However, the brief consumer confidence December bump is likely to be…

Stable U.S. Economy

Stable U.S. Economy Likely to Hold till Election Day 2020

Stable U.S. economy is the word of the day. Barring unforeseen events like a global coronavirus plague, a Mid-East war, a successful impeachment or another shortage of Popeye’s chicken sandwiches, it appears the economy will continue to chug along at a heathy pace through the 2020 elections. Stable, or slightly increased, consumer confidence is the…

Holiday Season Closes With Good and Bad & New Goals

Holiday season closes amidst a blockbuster turnout for small retail businesses globally. Even though the shortened holiday season may have pushed retail sales down a tad, business owners remain confident about their businesses going forward. Scrooge remained with us as organized crime hijacked truckloads of holiday stuff and gift card scam artists manifest themselves bigly…

Small Business Owner Optimism

Small Business Owner Recession Concerns Subside

Small business owner optimism continues to hold steady despite concerning and growing global economic negative indicators. However, the delay in turmoil is likely linked to delayed trade tariffs and short-term interest rate cuts. Two surveys revealed the uptick in October. The NFIB Optimism Index increased 60 bps (basis points) in October. Furthermore, the Wells Fargo/Gallup…

Main Street Recession Talk

Main Street Recession Talk Spooks Wall St & Scares Small Biz

Main Street recession talk is disrupting small business plans and bubbling Downtown to Wall Street. Another short-term interest rate today cut (second time this year), a massive overnight funding market shortage for two-consecutive days (first time in more than a decade), inverted yield curve for first time in 13 years, trade tariff/consumer taxes set to…