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Fed Data Shows Consumers Taking On More Debt In May

The Federal Reserve Board released its G.19 consumer credit report for May on Monday indicating a significant jump in outstanding credit for the month.The Fed’s figures showed that consumers
  • 1 min Read

By Michael Teague

Michael Teague is a staff writer for Equities.com. His previous experience includes three years as the associate editor of Los Angeles-based Al Jadid Magazine, a bi-annual review of the arts & culture of the Middle East, where he contributed many articles on the region in the form of features and book & film reviews. His educational background includes a BA in French literature from the University of California, Irvine, where he developed a startling proclivity for anything having to do with the 19th century.
Michael Teague is a staff writer for Equities.com. His previous experience includes three years as the associate editor of Los Angeles-based Al Jadid Magazine, a bi-annual review of the arts & culture of the Middle East, where he contributed many articles on the region in the form of features and book & film reviews. His educational background includes a BA in French literature from the University of California, Irvine, where he developed a startling proclivity for anything having to do with the 19th century.

Economic growth for the first quarter of 2013 was disappointing, with GDP up 1.8 percent shy of the expected 2.5 percent, and is not expected to do much better for the recently ended second quarter. Furthermore, consumers were hit by the expiration of Bush-era tax-cuts earlier in the year, but the consistent and steady adding of jobs to the economy coupled with an overall 2.2 percent increase in pay over the last year should serve to counter the negatives and keep consumers with enough disposable income to make purchases, which could result in even more robust consumer spending in the second half of the year.

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Semiconductor Stocks Rebound, But Sector Still Has Issues

With pandemic-induced supply chain bottlenecks receding, semiconductor stocks have been riding a bullish trend, making higher lows and higher highs.

It’s Easy For Leaders to Play the Blame Game. Don’t.

To say the current situation isn’t pretty now seems an understatement, and it’s likely to remain chaotic for a while. Which is why it’s so important for leaders of all kinds not to fall prey to the very human tendency to go negative.

This Prestigious Bank Is Down 90% — Is Now the Time to Buy?

Bargain-hunting friends of mine have been asking: “Should I buy First Republic?” After all, First Republic is prestigious. Facebook founder Mark Zuckerberg got a mortgage there. Dozens of customer surveys rate its satisfaction scores higher than super-brands like Apple and Ritz-Carlton.

Recession Odds Rising (Plus: Jay Powell, Meet Sal Dali)

Many of us economy-watchers have been expecting recession, though with significant differences on odds and timing. Regardless, recent banking developments just made recession more likely and may have accelerated its onset.

Semiconductor Stocks Rebound, But Sector Still Has Issues

  • 3 min Read 
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