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๐Ÿ“ˆ Macroeconomics

Inflation Alert! In August, the Consumer Price Index for All Urban Consumers increased 0.6 percent, seasonally adjusted, and rose 3.7 percent over the last 12 months, not seasonally adjusted.

Inflation Alert! In August, the Consumer Price Index for All Urban Consumers increased 0.6 percent, seasonally adjusted, and rose 3.7 percent over the last 12 months, not seasonally adjusted.

TLDRS: * In August, the Consumer Price Index for All Urban Consumers increased 0.6 percent, seasonally adjusted, and rose 3.7 percent over the last 12 months, not seasonally adjusted. * Corporate media will try and say this is a last 'summer hoorah' of spending. Compared to August 2022,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
In July, consumer credit (AKA DEBT) increased at a seasonally adjusted annual rate of 2.5 percent. Revolving credit (Credit cards) increased at an annual rate of 9.2 percent

In July, consumer credit (AKA DEBT) increased at a seasonally adjusted annual rate of 2.5 percent. Revolving credit (Credit cards) increased at an annual rate of 9.2 percent

TLDRS: * Total consumer credit increased at an annual rate of 2.5% in July 2023. * Revolving credit (which includes credit cards) grew at an annual rate of 9.2% in July 2023. * Nonrevolving credit (which includes loans for things like cars and education) increased at .2%. * Regarding the total outstanding
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
NY Fed August 2023 Survey of Consumer Expectations: "job loss expectations rose sharply to its highest level since April 2021."

NY Fed August 2023 Survey of Consumer Expectations: "job loss expectations rose sharply to its highest level since April 2021."

TLDRS: Households right now: * Income growth perceptions declined in August, and job loss expectations rose sharply to its highest level since April 2021. * Perceptions about current credit conditions and expectations about future conditions both deteriorated. * Householdsโ€™ perceptions about their current financial situations and expectations for the future also deteriorated. Wut
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Hedgies R Fuk Alert! July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July.

Hedgies R Fuk Alert! July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July.

TLDRS: * July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July. * June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry, with an estimated net $13.12 billion
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