Top 10 Macro/Financial Charts of the Week – w36 (2023)

Credit card debt vs personal savings. pic.twitter.com/LQMhkTZz6Y

— zerohedge (@zerohedge) September 8, 2023

Credit card delinquencies at small banks are at 7.51% — an all-time high.

Small banks almost failed in March, were rescued by the Fed, and hold 71% of CRE loans… 92.3% of which were past-due in July.

Regional banks are teetering on the brink & we aren't even in recession yet. pic.twitter.com/JCmD2TtyaI

— Joe Consorti (@JoeConsorti) September 7, 2023

🇺🇸 Carpe Clichés! This Time Really Was Different – Bloomberghttps://t.co/mugvNxuDxT pic.twitter.com/rz7gX2MnR6

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 8, 2023

Surge in Student Loan Payments:

with several weeks still to go before the first payments are due, remittances to the Department of Education have surged to a level even higher than before the payment pause began. pic.twitter.com/XFMqog3Mhn

— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) September 5, 2023

A quick 🧵on the latest Daily consumer spending tracker from JPM.

Based on Chase consumer card data through Aug 29, JPM's estimate for Aug control group retail sales is a big step down to -0.49% from a boomy 0.99% in July (Census figure; JPM's estimate for July is 0.79%).… pic.twitter.com/j7huGYgTq8

— Parker Ross (@Econ_Parker) September 6, 2023

The Atlanta Fed wage tracker shows composition-adjusted wage growth for the three months ended August was +5.3% from the year-ago period (vs +5.7% in July)

The gap between job changers (+5.6%) and job stayers (+5.2%) is narrowing as both measures decline https://t.co/fjT7EM7kIY pic.twitter.com/LsJSpO20r1

— Nick Timiraos (@NickTimiraos) September 7, 2023

🇺🇸 #Housing | US #Mortgage Purchase Applications Fell 16.7% Over the Past Ten Weeks, Hitting Lowest Since 1995 https://t.co/LknLAOsiC7

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 8, 2023

Redefining understatement “One source of upward pressure on US rates is the $7.6trn in US government bonds (31% of outstanding) that will mature over the coming 12 months.”@apolloglobal pic.twitter.com/JksaTXvF4K

— Danielle DiMartino Booth (@DiMartinoBooth) September 6, 2023

🛢 #WTI #Brent | Several factors behind #oil spike:

⚠ Supply: World Crude inventories dropped sharply in August and could remain under pressure
– Voluntary #OPEC+ cut extended until at least year-end
– A large number of unplanned outages this year ranging from the freeze in the… pic.twitter.com/096FU9YW9p

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2023

🇬🇧 #Housing #Rents | #London Room Rental Costs Top £1,000 a Month for the First Time – Bloomberghttps://t.co/YLCifYq4rp pic.twitter.com/AZKxGE4lfn

— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 8, 2023