by Vy Phan | Jun 16, 2019 | Blog
Greetings, This week we dig into Amazon’s new subprime card, the Taxpayer First Act, and UBER’s latest banking offering. US Core CPI rose by 2% YoY in May, just at the Fed’s target rate but below economists’ expectations. Consistently low inflation is boosting calls...
by Vy Phan | Jun 9, 2019 | Blog
Greetings, US payrolls rose by just 75k in May and average hourly earnings rose by 3.1%. Both figures were below economists’ expectations. The results, together with continued weak inflation and softening in leading indicators, continue to suggest a slowing economy....
by Vy Phan | Jun 2, 2019 | Blog
Greetings, US first quarter GDP growth was revised lower to 3.1%. There is fear that the economy is slowing due to the ongoing trade war and the length of this economic expansion. The 3 month-10 year yield curve fell to its most inverted since 2007 to -12.3 bps....
by Vy Phan | May 26, 2019 | Blog
Greetings, This week, in one of our favorite quarterly analyses, we review earnings transcripts and comments from bank execs to assess their take on where we are in the credit cycle. Bank execs are in an unusually good position to spot risks on the horizon from...
by Vy Phan | May 19, 2019 | Blog
Greetings, Continued evidence trickled in that the US economy remains in the late stage of this economic cycle. Gowth in US debt is slowing and delinquencies are picking up, albeit from low levels. US consumer debt rose by 0.9% QoQ in 1Q to $13.7 Tn. Retail sales in...
