Global Macro Perspectives
U.S. credit companies reported delinquencies and charge-offs for November. Nice sum-up by Reuters: U.S. credit card charge-offs resume climb. It doesn’t look nice. Looks like American Express (AXP) is most aggressive in addressing the situation and they are apparently managing to show some improvements. Capital One (COF) again with worsened numbers. Nice group of potential […]
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Industrial production rose 0.8% in November vs. 0.6% consensus and 0.1% rise in October. Capacity utilization was at 71.3% in November vs. 71.2% consensus and 70.7% level in October. So, moderate surprise to the upside. Producer prices rose 1.8% on a monthly level and 2.7% on a year level. If we take food and energy […]
Well, with Wells Fargo moving to repay TARP funds that chapter in the economic history will be closed. Citigroup succeeded in repaying yesterday. I expected that move to repay TARP funds and serial stock offerings would bring some strain to the bank share prices (and even broad market), but nothing jet on that front. Yes, […]