Top 10 Macro/Financial Charts of the Week – w19 (2023)

🇺🇸 The ongoing tightening of credit conditions suggests that C&I Loan growth should turn negative soon.https://t.co/nRBa9jdfhQ pic.twitter.com/Snid5j1T48

— Christophe Barraud🛢🐳 (@C_Barraud) May 8, 2023

🇺🇸 Credit conditions for credit card loans kept deteriorating in 1Q23.https://t.co/DK7l48M0m4 pic.twitter.com/2WBcA8hjgr

— Christophe Barraud🛢🐳 (@C_Barraud) May 8, 2023

The latest Fed senior loan officer survey showed a broad-based tightening in loan standards *before* the failure of Silicon Valley Bank became modestly worse after the bank's collapse

67% of banks reported tighter standards for CRE, up from 58% in Janhttps://t.co/Gh2kORjlRm pic.twitter.com/iSVXj92Fbm

— Nick Timiraos (@NickTimiraos) May 8, 2023

Interest rate on credit cards has now surpassed a staggering 20%

This is the highest level ever seen since 1995 pic.twitter.com/sNxLLIzT5a

— Game of Trades (@GameofTrades_) May 8, 2023

With inspiration from San Francisco Fed (huge h/t), excess savings can be measured by aggregating the monthly spread between personal savings and the pre-pandemic trend. A method that returns a total amount of excess savings of 669 bn. USD amongst consumers and households

3/n pic.twitter.com/WiX6J3a5fp

— AndreasStenoLarsen (@AndreasSteno) May 11, 2023

https://twitter.com/C_Barraud/status/1657301010656681984

🇺🇸 #Fed #Inflation | On a YoY basis, Shelter CPI probably reached a top in March. pic.twitter.com/1rcJO17gvj

— Christophe Barraud🛢🐳 (@C_Barraud) May 10, 2023

During prior debt ceiling debacles, we often have volatility rise, particularly when the government is shut down pic.twitter.com/K9pMeNFujg

— Markets & Mayhem (@Mayhem4Markets) May 12, 2023

🇨🇳 #China Core CPI inflation (excluding food and energy) remained at 0.7% year on year. That gauge has stayed at or below 1% for 13th consecutive months —underlining weak price pressures pic.twitter.com/0LCgfiMJ6w

— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023

🇨🇳 #China M1 money supply (usually a leading indicator) rose 5.3% YoY in April (v +5.1% YoY prior)
*Real M1 (adjusted for CPI) rose 5.2% YoY in April (fastest since April 2021 ⚠) pic.twitter.com/8i8io7Z6rQ

— Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2023