Category Archives: US Economy

Student Loans – Crisis?

By | July 20, 2012

Here’s the latest press release from the New York Federal Reserve: NEW YORK – In its latest Quarterly Report on Household Debt and Credit, the Federal Reserve Bank of New York today announced that student loan debt reported on consumer credit reports reached $904 billion in the first quarter of 2012, a $30 billion increase… Read More »

Risk-on or Risk-off

By | July 13, 2012

The chart below plots the ratio of Morgan Stanley Cyclical Index (CYC) to Morgan Stanley Consumer Index (CMR). Ratio of Cyclical Index to Consumer Index The direction of this ratio tells us what the markets expect for the US economy.  Since the ratio peaked on March 15, it has been trending down, implying that cycle… Read More »