This video provides some interesting indicators to watch going forward.. highlighting the credit card items raised a little while back along with others recently. It provides more evidence the consumer is tapped out.. Delinquency rates are increasing. Spending is in decline.
He highlights that the delinquency rates are substantial even though unemployment is low... and ponders how this is likely to increase as unemployment rate rises.
The interesting one might be personal savings (towards the end of the video). A rise now might mean people have stopped spending and pouring spare cash into their accounts. Crash bang pow... game over.
This video provides some interesting indicators to watch going...
-
- There are more pages in this discussion • 1,034 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,860.6 |
Change
9.900(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,850.7 | 7,898.7 | 7,846.6 |
| XJO (ASX) Chart |